Bernard Schmitts Quantum Macroeconomic Analysis

Author : Alvaro Cencini
Publisher : Taylor & Francis
ISBN 13 : 1351271318
Total Pages : 483 pages
Book Rating : 4.18/5 ( download)

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Download or read book Bernard Schmitt’s Quantum Macroeconomic Analysis written by Alvaro Cencini and published by Taylor & Francis. This book was released on 2022-11-25 with total page 483 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of Bernard Schmitt’s analysis of the monetary economy of production was twofold: to introduce and to explain the logical character of the macroeconomic laws governing our economies and to explain the origin of the pathologies that follow if these laws are not complied with. Schmitt’s main original contributions concern the theories of value, profit, and capital, as well as his explanation of inflation, unemployment and international payments, unified as quantum macroeconomic analysis. This book expounds on the key principles of quantum macroeconomic analysis as he conceived and developed them. Schmitt’s starting point was the analysis of bank money and the way it is associated with produced output. His macroeconomics was not founded on microeconomics nor derived from the aggregation of microeconomic variables. Schmitt’s theory does not rely on mathematics and modelling either; instead, it is based on logical laws derived from the nature of money and monetary payments. Part I of this book deals with the quantum macroeconomic analysis of capitalism and its pathologies developed by Schmitt and provides the elements necessary to understand its ‘structural’ mechanism. Parts II and III deal with the principles of two reforms that enable the passage from capitalism to post-capitalism and from the present non-system of international payments to an orderly system. This book provides essential reading for all those interested in heterodox approaches to macroeconomics, monetary economics, banking, international economics, and the history of economic thought.

Author : Bernard Schmitt
Publisher : Taylor & Francis
ISBN 13 : 0429767072
Total Pages : 439 pages
Book Rating : 4.74/5 ( download)

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Download or read book Inflation, Unemployment and Capital Malformations written by Bernard Schmitt and published by Taylor & Francis. This book was released on 2021-06-23 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume deals with the main problems faced by capitalist economies, inflation and unemployment, in a new and original way, and provides the theoretical foundations for quantum macroeconomic analysis. Its aim is to allow English-speaking economists and interested readers to have a direct access to the analysis provided by Schmitt in his 1984 book Inflation, chômage et malformations du capital. Orthodox economics has failed to provide a consistent insight of the pathologies hindering our economies, and both the academic and the economic worlds are much in need for an alternative approach capable to explain the origins of these pathologies and how they can eventually be disposed of. Schmitt’s volume provides a revolutionary explanation of the cause of today’s economic disorder as well as an innovative solution allowing for the passage from disorder to order. Neoclassical and Keynesian theories of any type are essentially based on equilibrium analysis and this is why none of them has ever been able to provide a consistent macroeconomic analysis based on macroeconomic foundations. This is what Schmitt’s book aims for: developing a new analysis built on identities rather than conditions of equilibrium, capable to explain the objective origins of inflation and unemployment. In this volume, Schmitt introduces a new, revolutionary analysis centred on the concept of quantum time. The topics analysed by Schmitt cover the entire field of national macroeconomics, from production to capital accumulation, the leading role in this ground-breaking investigation being played by what he calls the theory of emissions. The ensuing macroeconomic theory is built on a set of laws derived from the monetary nature of our economic systems and defines the logical framework of inquiry into modern macroeconomics.

Author : Jean-Luc Bailly
Publisher : Taylor & Francis
ISBN 13 : 131728786X
Total Pages : 202 pages
Book Rating : 4.65/5 ( download)

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Download or read book Quantum Macroeconomics written by Jean-Luc Bailly and published by Taylor & Francis. This book was released on 2016-10-04 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantum Macroeconomics presents a new paradigm in macroeconomic analysis initiated by Bernard Schmitt. It explains the historical origin, the analytical contents, and the actual relevance of this new paradigm, with respect to current major economic issues at national and international level. These issues concern both advanced and emerging market economies, referring to inflation, unemployment, financial instability, and economic crises. In the first part of this volume, leading scholars explain the historical origin and analytical content of quantum macroeconomics. The second part explores its relevance with respect to the current major economic issues such as the sovereign debt crisis and European monetary union. The volume also features two previously unpublished papers by Bernard Schmitt. The main findings of this book concern the need to go beyond agents’ behaviour to understand the structural origin of a variety of macroeconomic problems, notably, inflation, unemployment, financial instability, and economic crises. The originality that pervades all contributions is plain, when one considers the lack of any structural explanation of national and international economic disorders in the literature within the mainstream approach to economics. This edited volume is of great interest to those who study macroeconomics, monetary economics and money and banking.

Author : Bernard Schmitt
Publisher : Routledge
ISBN 13 : 0429767064
Total Pages : 390 pages
Book Rating : 4.67/5 ( download)

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Download or read book Inflation, Unemployment and Capital Malformations written by Bernard Schmitt and published by Routledge. This book was released on 2021-06-23 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume deals with the main problems faced by capitalist economies, inflation and unemployment, in a new and original way, and provides the theoretical foundations for quantum macroeconomic analysis. Its aim is to allow English-speaking economists and interested readers to have a direct access to the analysis provided by Schmitt in his 1984 book Inflation, chômage et malformations du capital. Orthodox economics has failed to provide a consistent insight of the pathologies hindering our economies, and both the academic and the economic worlds are much in need for an alternative approach capable to explain the origins of these pathologies and how they can eventually be disposed of. Schmitt’s volume provides a revolutionary explanation of the cause of today’s economic disorder as well as an innovative solution allowing for the passage from disorder to order. Neoclassical and Keynesian theories of any type are essentially based on equilibrium analysis and this is why none of them has ever been able to provide a consistent macroeconomic analysis based on macroeconomic foundations. This is what Schmitt’s book aims for: developing a new analysis built on identities rather than conditions of equilibrium, capable to explain the objective origins of inflation and unemployment. In this volume, Schmitt introduces a new, revolutionary analysis centred on the concept of quantum time. The topics analysed by Schmitt cover the entire field of national macroeconomics, from production to capital accumulation, the leading role in this ground-breaking investigation being played by what he calls the theory of emissions. The ensuing macroeconomic theory is built on a set of laws derived from the monetary nature of our economic systems and defines the logical framework of inquiry into modern macroeconomics.

Author : Andrea Carrera
Publisher : Springer Nature
ISBN 13 : 3031517377
Total Pages : 280 pages
Book Rating : 4.72/5 ( download)

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Download or read book National and International Monetary Payments written by Andrea Carrera and published by Springer Nature. This book was released on with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Louis-Philippe Rochon
Publisher : Edward Elgar Publishing
ISBN 13 : 1789901154
Total Pages : 633 pages
Book Rating : 4.53/5 ( download)

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Download or read book An Introduction to Macroeconomics written by Louis-Philippe Rochon and published by Edward Elgar Publishing. This book was released on 2021-03-26 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of this important textbook introduces students to the fundamental ideas of heterodox economics. It is written in a clear way by top heterodox scholars. This introductory book offers not only a critique of the dominant approach to economics, but also presents a positive and constructive alternative. Students interested in an explanation of the real world will find the heterodox approach not only satisfying, but ultimately better able to explain a money-using economy prone to periods of instability and crises.

Author : Claude Gnos
Publisher : Edward Elgar Publishing
ISBN 13 : 1782540431
Total Pages : 321 pages
Book Rating : 4.34/5 ( download)

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Download or read book Modern Monetary Macroeconomics written by Claude Gnos and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book uses cutting-edge research to analyse the fundamental causes of economic and financial crises, and illustrates the macroeconomic foundations required for future economic policymaking in order to avoid these crises. The expert contributors take a critical approach to monetary analysis, providing elements for a new paradigm of economic policymaking at both national and international levels. Major issues are explored, including: inflation, capital accumulation and involuntary unemployment, sovereign debts and interest payment, and the euro-area crisis. Opening new lines of research in the economic and financial crises, this book will prove a fascinating read for academics, students and researchers in the field of monetary economics. Monetary policymakers, central bank officials and international financial organisations will also find the book to be an invaluable resource.

Author : Mikael Randrup Byrialsen
Publisher : Taylor & Francis
ISBN 13 : 1000736075
Total Pages : 257 pages
Book Rating : 4.76/5 ( download)

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Download or read book Macroeconomic Modelling, Economic Policy and Methodology written by Mikael Randrup Byrialsen and published by Taylor & Francis. This book was released on 2022-10-27 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demonstrating that there are (superior) alternatives to the modern macroeconomic mainstream and its DSGE (dynamic stochastic general equilibrium) models, this book presents the cutting edge in macroeconomic modelling, economic policy, and methodology from the perspective of heterodox economic thinking. The first part of the book explores methodological issues, advocating for a stronger ethical consideration in macroeconomics and for the adoption of a strategy of pluralism to ensure that macroeconomic theory is capable of adapting to real-world issues. The second part highlights recent trends in empirical Stock-Flow Consistent models by collecting a group of the most well-developed empirical models of five different economies: the Danish, the Dutch, the French, the Italian, and the Argentinian models. In all five cases, the models are used to discuss various policy aspects of the individual economies. Finally, the book explores issues of macroeconomic policy which are largely neglected by mainstream economists including financial (in)stability and macro imbalances. The book emphasizes the need for investigating sectoral balances, which are crucial elements for investigating imbalances from the heterodox perspective. This book will be of significant interest to students and scholars of macroeconomics, economic modelling, economic methodology and heterodox economics more broadly.

Author : Shahzavar Karimzadi
Publisher : Taylor & Francis
ISBN 13 : 1000820947
Total Pages : 394 pages
Book Rating : 4.42/5 ( download)

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Download or read book Temporary Economic Crises written by Shahzavar Karimzadi and published by Taylor & Francis. This book was released on 2022-12-30 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: In traditional theory of economic crisis, and in all its manifestations, there is no fundamental difference between economic disorder and economic crisis: the two types of economic turmoil are both considered temporary states. This book is a methodical study of deep-seated causes of economic crises. The aim of the book is to explain the key difference between economic disorder and economic crisis. Its key argument is that economic disorder is a permanent condition, whereas economic crises are a series of transitory periods. Economic crises, unlike economic disorders, are acute and frenzied volatilities that are unpredictable and short-lived. Humans cannot survive in a condition of perpetual economic crises but can only accommodate life under unremitting economic disorders. The book also explores the root cause of economic crisis. Unlike the received wisdom in economics, this book looks at the root cause of such hysterical economic turbulences as a result of an innate propensity of human fallibility. The final section of this book looks at the ramifications of this alternative perspective on macroeconomic policy formation and implementation. This book is a major contribution to the literature on economic disorder and crises and will be of great interest to readers of economic theory, philosophy of economics, and the history of economic thought.

Author : Shahzavar Karimzadi
Publisher : Taylor & Francis
ISBN 13 : 1000820890
Total Pages : 282 pages
Book Rating : 4.98/5 ( download)

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Download or read book Permanent Economic Disorder written by Shahzavar Karimzadi and published by Taylor & Francis. This book was released on 2022-12-12 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: All schools of thought in economics, explicitly or otherwise, have referred to economic disorder as a self-evident fact. They have also unanimously considered it to be a temporary state. By contrast, this book contends that economic disorder is an interminable condition of human existence. From this perspective, the present study brings to light the misunderstanding of successive generations of economists on economic disorders. This book provides an alternative exposition of economic disorder and correctional measures that can be taken in order to correct these misconceptions. The analysis offered in this book is a scholarly work that provides a thorough explanation of the hidden dimensions and multiple aspects of economic disorders. Much of this book is devoted to uncovering the origins of such dimensions to further refine our understanding of the development of contemporary economies. To this end, this book also outlines how to tackle some of the most intriguing issues of our time. It seeks to provide a refreshing recount of the tenets of economic disorders. This book is a major contribution to the literature on economic disorder and crises and will be of great interest to readers of economic theory, philosophy of economics and the history of economic thought.