Bernard Schmitt's Quantum Macroeconomic Analysis
eBook - ePub

Bernard Schmitt's Quantum Macroeconomic Analysis

  1. 450 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Bernard Schmitt's Quantum Macroeconomic Analysis

Book details
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About This Book

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.

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Information

Publisher
Routledge
Year
2022
ISBN
9781351271301
Edition
1
Topic
Economics
Subtopic
Economic Theory
Index
Economics

Table of contents

  1. Cover
  2. Half-Title
  3. Series
  4. Title
  5. Copyright
  6. Contents
  7. List of Figures
  8. List of Tables
  9. Acknowledgements
  10. Foreword: a biographical note on Bernard Schmitt
  11. Introduction
  12. PART I 1959–1987: The years of Schmitt’s greatest insights
  13. PART II 1987–1998: The years of further in-depth analysis
  14. PART III 1999–2014: The final years of ground-breaking analysis
  15. Bibliography
  16. Name index
  17. Subject index