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Books > History > History of specific subjects > Economic history
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Inflation, Unemployment and Capital Malformations (Hardcover)
Loot Price: R4,291
Discovery Miles 42 910
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Inflation, Unemployment and Capital Malformations (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 19 working days
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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, chomage 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.
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