| Description |
1 online resource (483 p.) |
| Series |
Routledge Frontiers of Political Economy Ser |
|
Routledge Frontiers of Political Economy Ser
|
| Contents |
Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Table of Contents -- List of figures -- List of tables -- Acknowledgements -- Foreword: A biographical note on Bernard Schmitt -- Introduction -- Schmitt's contribution -- The structure of the volume -- Part I 1959-1987: The years of Schmitt's greatest insights -- A From money to capital -- Chapter 1 The discovery of the true nature of money and the origin of its purchasing power -- Schmitt's starting point: Keynes's equations -- The nature of bank money and the formation of the purchasing power of money |
|
Banks' monetary and financial intermediation -- Money and the logical relationship between production and consumption -- Schmitt's theory of bank money compared with orthodox and heterodox analyses -- Chapter 2 The building blocks of a theory of national money: From Monnaie salaires et profits (1966) to Théorie unitaire de la monnaie, nationale et internationale (1975) -- The logical relationship between wages and national income -- Schmitt's first explanation of profit is incomplete -- Circular flow analysis or the theory of the circuit |
|
The circular flow of nominal money and income in an economy of production -- Schmitt's profit and monetary circular flow analysis as compared to those of his contemporaries -- Chapter 3 Schmitt's critical analysis of neoclassical, Keynesian, Marxian, and Sraffian economics from 1959 to 1988 -- Schmitt's first critical assessment of general equilibrium analysis (GEA) -- The logical indeterminacy of relative prices -- The shortcomings of Keynesian analysis -- The critical appraisal of Marx's analysis of value and profit -- Critical analysis of Sraffa's attempt at determining relative prices |
|
The critique of Pasinetti's theory of value -- Chapter 4 1979-1984: The discovery of quantum time -- Production and time -- Expenditure and time -- The theory of emissions -- The quantum analysis of profit -- A brief comparison with orthodox economics -- Chapter 5 Quantum economics and capital -- Ordinary versus quantum credit -- From income to capital-time -- The formation of fixed capital -- The pathology of fixed capital formation -- Classical, neoclassical, and Keynesian analyses of capital: a brief comparison with quantum analysis |
|
Chapter 6 Schmitt's 1984 explanation of inflation and unemployment and the principles of his 1984 reform -- Inflation -- Fixed capital amortization and inflation -- Involuntary unemployment -- Schmitt's 1984 reform: principles and practical implications -- Traditional and quantum analyses of inflation and unemployment: a brief appraisal -- B From national to international money -- Chapter 7 International payments as a cause of monetary disorders -- The nature of international payments -- Nominal and real international money -- The inflationary nature of international payments |
| Notes |
Description based upon print version of record |
|
Schmitt's analysis of international payments as compared to that of his contemporaries |
| Subject |
Schmitt, Bernard
|
| SUBJECT |
Schmitt, Bernard. fast (OCoLC)fst01994047 |
| Subject |
Macroeconomics.
|
|
Money.
|
|
Quantum logic.
|
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Macroeconomics.
|
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Money.
|
|
Quantum logic.
|
| Form |
Electronic book
|
| ISBN |
135127130X |
|
9781351271301 |
|
