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This is the blog of the Ph.D. programme on global financial markets and international financial stability at the University Jena and the University Halle, Germany. Both Universities conduct a 5 years research and Ph.D. programme especially designed to study global financial markets, their functioning and their stability. The programme offers up to 20 scholarships for Ph.D. students from law and economics. Research is carried out on an interdisciplinary basis from the legal and the economic perspective. For more details see the internet pages of the Ph.D. programme.
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FT.com - Lex, Macroeconomics & markets
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1 Kommentar:
A Specific Application of Employment, Interest and Money
Plea for an Adventure in a New World Economic Order
Adam Smith, Karl Marx, John Maynard Keynes and Alan Greenspan: a Unified Perspective
Abstract:
This tract makes a critical analysis of credit based, free market economy, Capitalism, and proves that its dysfunctions are the result of the existence of credit.
It shows that income / wealth disparity, cause and consequence of credit, is the first order hidden variable, possibly the only one, of economic development.
It solves most of the puzzles of macro economy: among which Business Cycles, Stagflation, Greenspan Conundrum and Keynes' Liquidity Trap...
It shows that Adam Smith, John Maynard Keynes, Karl Marx and Alan Greenspan don't contradict each other but that they each bring a meaningful contribution to a same framework for understanding macro economy.
It proposes a credit free, free market economy as a solution that would correct all of those dysfunctions.
In This Age of Turbulence People Want an Exit Strategy out of Credit, an Adventure in a New World Economic Order.
Read It.
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