Money, Valuation and Growth

We have experienced an era of extreme anti-inflationary policy combined with debts and deficits, the result of which has been a decrease in social stability. This book examines how using mainstream theory as the basis for economic decisions leads to misunderstandings of central concepts of our economic reality. It aims to establish a better understanding of the discrepancies between the current mainstream economic theory and the economy experienced in business and politics.

Autorentext

Hasse Ekstedt is a Senior Researcher in the School of Public Administration at the University of Gothenburg, Sweden.

Inhalt

1. Neoclassical Theory and Rational Expectations: Theoretical Deficiencies 2. Aggregation, Money and Keynes Epistemology 3. Basics on Money 4. Money, Finance and Growth 5. Structural Stability in Models and Reality 6. Inflation and Unemployment 7. Epilogue: Picture and Axiomatic Structures