Quantum Macroeconomics: The legacy of Bernard Schmitt

Quantum Macroeconomics presents a new paradigm in macroeconomic analysis that explains the historical origin, analytical contents, and relevance of this new paradigm to current major economic issues, such as inflation, unemployment, financial instability, and economic crises. The main findings suggest the need to go beyond agents' behavior to understand the structural origin of these problems, and the originality of the contributions is evident in the lack of any structural explanation of national and international economic disorders in the mainstream approach to economics.

Format: Paperback / softback
Length: 202 pages
Publication date: 25 July 2018
Publisher: Taylor & Francis Ltd

Quantum Macroeconomics presents a groundbreaking new framework for analyzing macroeconomic phenomena, initiated by Bernard Schmitt. This comprehensive text delves into the historical roots, analytical foundations, and practical implications of this paradigm, particularly in addressing the pressing economic challenges facing both advanced and emerging market economies. These challenges encompass a wide range of issues, including inflation, unemployment, financial instability, and economic crises.

In the first part of this volume, esteemed scholars provide a detailed account of the historical origins and theoretical framework of quantum macroeconomics. They explore the key concepts and principles that underpin this innovative approach, shedding light on its theoretical foundations and its potential contributions to macroeconomic analysis.

The second part of the book focuses on the relevance of quantum macroeconomics to the current major economic issues. Leading scholars examine the impact of quantum macroeconomics on the sovereign debt crisis and European monetary union, highlighting its potential to provide new insights and solutions to these complex problems. Additionally, the volume includes two previously unpublished papers by Bernard Schmitt, further enriching the theoretical and empirical discussions.

The central findings of this book revolve around the need to transcend the behavior of individual agents and explore the structural roots of various macroeconomic problems. The authors emphasize the importance of understanding the underlying mechanisms that drive inflation, unemployment, financial instability, and economic crises, as these issues have profound implications for economic stability and growth.

What sets this book apart is its originality and the absence of a structural explanation of national and international economic disorders within the mainstream approach to economics. The contributions by the authors are insightful and thought-provoking, offering fresh perspectives and innovative ideas that challenge conventional thinking.

This edited volume is of immense interest to scholars and researchers in the fields of macroeconomics, monetary economics, and money and banking. It provides a valuable resource for those seeking to deepen their understanding of the complex dynamics of the macroeconomy and explore new avenues for policy interventions and economic development.

Weight: 356g
Dimension: 156 x 232 x 21 (mm)
ISBN-13: 9781138325159