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The Growth Spiral: Money, Energy, and Imagination in the Dynamics of the Market Process

Hans Christoph Binswanger




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 | #2812110 in eBooks |  2012-12-14 |  2012-12-14 | File type: PDF

|| ||From the reviews:| “The subtitle of the book encapsulates the author’s ambitious research agenda combining growth theory, monetary policy, environmental economics, economy history, and economic dynamics to build ‘the foundations for a n

This book develops a new theory of the modern economy. Conventional economic theory is (still) based on an essentially static notion of equilibrium. In contrast, this book offers an analysis of the economic process based on a truly dynamic approach. It understands modern economic activity as manifesting itself in a growth spiral. There are two main drivers of the dynamics of this spiral: steady money creation in the banking system, on the one hand; and the continuous inf...

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