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.

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.

Production of world food supplies is related to more complicated socioeconomic variables than have previously been analyzed. Besides traditional inputs of land, labor, and fertilizer, the technological capabilities and a variety of nutritional and other human capital components are significant independent variables in explaining agricultural production in the developing world. The integration of economic analyses with the concepts of nutritional science offers an expanded and effective means for analyzing the complex problems of agricultural production in nutritionally deficient countries. Bernard Schmitt traces the circular relationship between nutrition and human capital, labor productivity, food production, and per capita consumption of calories and protein. He defines the basic nutritional terms that are most useful to economists in analyzing agricultural and foodrelated questions and provides examples that stress the importance of concentrating on nutritional quality as well as gross quantity. Transformations are used to convert quantities into basic nutritional components, allowing more meaningful quantitative analyses in an econometric framework. Dr. Schmitt presents a flexible methodology for forecasting commodity production, using it to make projections for the developing countries for each major commodity group and to test various policy alternatives such as extensive trade, expanded food assistance programs, substantial resource or input expansion, further expansion of Green Revolution technology, and development of alternatives to agriculture. Although he is certain that gains can be accomplished through population control and agricultural advances, supplemented by alternative nutritional sources, he concludes that conditions in nutritionally deficient countries are unlikely to improve, on average, through the mid-1980s.