Munich Personal RePEc Archive

Concordian Economics: Beyond Micro and Macroeconomics

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

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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.

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