November 6, 2019

MACROECONOMIC THOUGHTS.PART 16.

This peregrinatory or perambulatory position over the last two hundred years since publication of Adam Smith's Wealth of nation in 1776,is regarded by marsolism as the vicious cycle of economics.It indicates that both schools of macroeconomics the best so far or most influential do not guarrantee optimal economic growth or capital development and the goal of market egalitarianism or redistributionism cannot be achieved,given that the purpose or policy goal of macroeconomics in the long run,should be egalitariam or market redistributionism.And it is not true that in the long run growing demand will exceed declining supply or that shortage caused by growing demand will force inflation up to accelerate disequilibrium but that wealth disequilibrium associated with social debt that persists the vicious cycle of macroeconomics will make such growth unsustainable.The general purpose of economics ordinarily does not seeks to attain universal economic freedom,symbolised by the attainment of optimal economic growth.

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