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Quantum Macroeconomics - The legacy of Bernard Schmitt (Hardcover)
Loot Price: R4,308
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Quantum Macroeconomics - The legacy of Bernard Schmitt (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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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 The volume also features two previously unpublished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.
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