Concordian Economics: Beyond Micro and Macroeconomics

Gorga, Carmine (2017): Concordian Economics: Beyond Micro and Macroeconomics.

Abstract

In Concordian economics there is no distinction between micro and macro economics, because the economic process is the same for the individual person, the city, the nation, or the world, What changes is the scale, but not the structure of the process. When micro and macro economics are seen as one, it makes no sense to add monetary wealth to real wealth. It becomes then evident that monetary wealth is not wealth; monetary wealth is a legal representation of real wealth.

• Item Type: MPRA Paper
• Language: English
• Keywords: JEL: A10, B40, B59, D10, E10, K10, O10.
• Subjects: A - General Economics and Teaching > A1 - General Economics > A10 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B40 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B59 - Other; D - Microeconomics > D1 - Household Behavior and Family Economics > D10 - General; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E10 - General; K - Law and Economics > K1 - Basic Areas of Law > K10 - General; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General

References

Gorga, Carmine. 2002. The Economic Process: An Instantaneous Non-Newtonian Picture. Lanham, Md. and Oxford: University Press of America. Third Edition 2016.

Gorga, Carmine. 2008. “Economics for Physicists and Ecologists,” Transactions on Advanced Research, Vol. 4 (1): 6-9.

Gorga, Carmine. 2009. “Concordian Economics: Tools to Return Relevance to Economics,” Forum for Social Economics, Vol. 38 (1): 53-69.