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The argument made in this manuscript is that the two traditional macroeconomic tools, fiscal policy and monetary policy, are insufficient to bring back efficiently into equilibrium an economy that has had a major crisis. Both traditional macro-tools only work through the demand side, and there...
Persistent link: https://www.econbiz.de/10015214329
Revolutions do not consolidate until they blend with the establishment to create a new world. Keynes understood it, and that is why he titled his masterwork The General Theory. But he was unsuccessful in the blending. In 2020-21, it is argued in here, we all follow Keynes, but with insufficient...
Persistent link: https://www.econbiz.de/10015214326
The information, including the knowledge in the science, business and society, is being generated, transmitted, received and analyzed by the humans in the various countries over the centuries. The information is a most valuable asset in possession by the economic agents in the modern economies...
Persistent link: https://www.econbiz.de/10015247929
The information, including the knowledge in the science, business and society, is being generated, transmitted, received and analyzed by the humans in the various countries for many centuries. The generated information can be structured, coded, stored and retrieved, representing a most valuable...
Persistent link: https://www.econbiz.de/10015248001
When anything goes and nothing fits together this can be euphemized as pluralism, blossoming with fresh ideas. Lacking a common fixed point, discussions between various schools of economic thought actually amount to a repetition of contradicting views with more refined arguments. It seems...
Persistent link: https://www.econbiz.de/10015227095
The book 'Capital in the Twenty-First Century' by the French economist Piketty about the inequality of income and wealth distribution is already quite a while in the spotlights. Jones in his paper ‘Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality’is describing the...
Persistent link: https://www.econbiz.de/10015258866
The recent discovery of the Ledenyov digital waves in the economies of scale and scope led to an origination of considerable scientific interest in the modeling of new types of the discrete-time digital signals generators for the business cycles generation in the macroeconomics. Article aims: 1)...
Persistent link: https://www.econbiz.de/10015247824
The recent discovery of the Ledenyov digital waves in the economies of scale and scope led to an origination of considerable scientific interest in the modeling of new types of the discrete-time digital signals generators for the business cycles generation in the macroeconomics. Article aims: 1)...
Persistent link: https://www.econbiz.de/10015247928
The quantum macroeconomics theory is formulated for the first time, assuming that the business cycle has the discrete-time oscillations spectrum in analogy with the electronics excitations discrete-time spectrum in the Bohr’s atom model in the quantum physics. The quantum macroeconomics theory...
Persistent link: https://www.econbiz.de/10015248279
The quantum macroeconomics theory is formulated for the first time, assuming that the business cycle has the discrete-time oscillations spectrum in analogy with the electronics excitations discrete-time spectrum in the Bohr’s atom model in the quantum physics. The quantum macroeconomics theory...
Persistent link: https://www.econbiz.de/10015248340