December 28, 2019

THE MARSOLIST MANIFESTO AND THE ABRAHAM'S LAW;THE TRUE WEALTH OF NATIONS.PART 6

   In this guise,considerable growth in debt money supply is the only antidote to attain the posile equation of the equalitarian income wealth hypothesis. and therefore grow the required debtflation rate, from the steady approach of debt price stability.In the Abraham's curve there is inverse correlation between full employment and debtflation, then debtflation and universal prosperity.This contrast sharply with Philips curve, which predict an inverse relationship between inflation and unemployment. While it suggests a trade off between price stability and employment, that to buy an increase in the quantity of inflation, at the price of more employment, debtflation and employment, move in the same direction.The trade off ended with the stagflation of the 70s when unemployment and inflation, go in the same direction,an epoch that inspired debtflation.This trade off was predicted by Milton Friedman and led to the prominence of the monetarists movement and the later preeminence, it enjoyed ever since.
Joan Robinson On The Problem of Full Employment  November 26th, 2011     I have been going through my books recently to search for economic insights from times long ago. After ear-marking Alvin Hansen’s Fiscal Policy and Business Cycles as the Xmas break reading (1941), I turned to the shorter The Problem of Full Employment by Joan Robinson (1903-83), a British economist teaching in Cambridge.Um dos principais mentores do modelo capitalista atual, Joseph Schumpeter conseguiu entender como ninguém a lógica do capital na sociedade moderna. Em sua publicação mais célebre, a Teoria do Desenvolvimento Econômico, o economista, advogado e cientista político introduz os principais conceitos de seu pensamento: “inovação” e “destruição criativa”.

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