Inflation, Unemployment and Capital Malformations
Inflation, Unemployment and Capital Malformations
Bradley, Xavier; Schmitt, Bernard; Cencini, Alvaro
Taylor & Francis Ltd
06/2021
438
Dura
Inglês
9781138369801
15 a 20 dias
966
Forward by the Bernard Schmitt
GENERAL INTRODUCTION
Quantum time
Production and time
Expenditures and time
3.Production and expenditure constitute one unique event: the emission
PART I:THE FUNCTIONING OF THE DOMESTIC ECONOMY: FROM WAGES TO CAPITAL
From production to consumption: the creation and destruction of wages
Capital
PART II: THE DYSFUNCTION OF THE DOMESTIC ECONOMY: FROM CAPITAL TO CAPITALISM
The quantitative theory and the quantum theory of inflation
Inflation and unemployment have the same aetiology: empty emissions
The two benign cases of empty emissions or of inflation
It is precisely because fixed capital is the property of a non-person (the disembodied set of firms), that its amortization causes the malignant emissions
In most advanced capitalism, a third of the industries in the country issue empty wages
The malignant emissions and unemployment
PART III: THE REMEDIES USUALLY PROPOSED, THEIR INEFFICIENCY EVALUATED IN THE LIGHT OF THE THEORY OF EMISSIONS
Money does not circulate in the economy
Far from being independent from each other, global supply and demand are logically merged into one unique magnitude; only confusion in the mind can separate them
Inflation and unemployment are totally independent from the behaviour of economic agents
PART IV: THE SOLUTION IS IN THE DIVISION OF THE ACTIVITY OF BANKS IN THREE DEPARTMENTS. LIBERATED FROM EMPTY EMISSIONS, THE DOMESTIC ECONOMY FOLLOWS SAY'S LAW: IT ENSURES FULL EMPLOYMENT WITHOUT INFLATION
The division of banks in two departments
The economy equipped with a network of deposit banks all divided in three departments will be totally free from empty emissions
GENERAL CONCLUSION
The micro-macro distinction in economic analysis
Macroeconomics is the domain of absolute exchanges
Confrontation between the two paradigms: absolute exchanges, relative exchanges
The determination of wages
The circuit, macroeconomic concept par excellence, is the identity of income's outflow and inflow
SYNOPSIS OF QUANTUM MACROECONOMICS
1. Production and time
2. Production and expenditures
3. Measurement in the economy and in economics
4. The creation of money
5. Capital
6. Inflation is a "malformation" of capital
7. At the core, inflation is caused by the systematic dysfunction of fixed capital's amortization
8. Production of the second sector, inflation is defined in quantum time; its measure in continuous time does not let the magnitude of the disorder become apparent
9. Involuntary unemployment would necessarily be nil if the domestic economy did not include any dual production
10. Neither inflation nor unemployment would exist in an economy where all the monetary capital would transit through financial markets
Glossary of the Main Concepts
Afterword
Appendix
Afterword by Henri Guitton
Bibliography
Index
Forward by the Bernard Schmitt
GENERAL INTRODUCTION
Quantum time
Production and time
Expenditures and time
3.Production and expenditure constitute one unique event: the emission
PART I:THE FUNCTIONING OF THE DOMESTIC ECONOMY: FROM WAGES TO CAPITAL
From production to consumption: the creation and destruction of wages
Capital
PART II: THE DYSFUNCTION OF THE DOMESTIC ECONOMY: FROM CAPITAL TO CAPITALISM
The quantitative theory and the quantum theory of inflation
Inflation and unemployment have the same aetiology: empty emissions
The two benign cases of empty emissions or of inflation
It is precisely because fixed capital is the property of a non-person (the disembodied set of firms), that its amortization causes the malignant emissions
In most advanced capitalism, a third of the industries in the country issue empty wages
The malignant emissions and unemployment
PART III: THE REMEDIES USUALLY PROPOSED, THEIR INEFFICIENCY EVALUATED IN THE LIGHT OF THE THEORY OF EMISSIONS
Money does not circulate in the economy
Far from being independent from each other, global supply and demand are logically merged into one unique magnitude; only confusion in the mind can separate them
Inflation and unemployment are totally independent from the behaviour of economic agents
PART IV: THE SOLUTION IS IN THE DIVISION OF THE ACTIVITY OF BANKS IN THREE DEPARTMENTS. LIBERATED FROM EMPTY EMISSIONS, THE DOMESTIC ECONOMY FOLLOWS SAY'S LAW: IT ENSURES FULL EMPLOYMENT WITHOUT INFLATION
The division of banks in two departments
The economy equipped with a network of deposit banks all divided in three departments will be totally free from empty emissions
GENERAL CONCLUSION
The micro-macro distinction in economic analysis
Macroeconomics is the domain of absolute exchanges
Confrontation between the two paradigms: absolute exchanges, relative exchanges
The determination of wages
The circuit, macroeconomic concept par excellence, is the identity of income's outflow and inflow
SYNOPSIS OF QUANTUM MACROECONOMICS
1. Production and time
2. Production and expenditures
3. Measurement in the economy and in economics
4. The creation of money
5. Capital
6. Inflation is a "malformation" of capital
7. At the core, inflation is caused by the systematic dysfunction of fixed capital's amortization
8. Production of the second sector, inflation is defined in quantum time; its measure in continuous time does not let the magnitude of the disorder become apparent
9. Involuntary unemployment would necessarily be nil if the domestic economy did not include any dual production
10. Neither inflation nor unemployment would exist in an economy where all the monetary capital would transit through financial markets
Glossary of the Main Concepts
Afterword
Appendix
Afterword by Henri Guitton
Bibliography
Index