The true origin of macroeconomics.
This book details an unprecedented finding in the history of economic thought: the true origin of macroeconomics. This occurred in Spain with the researcher Germán Bernácer (Alicante 1883-1965) and his first book: Sociedad y Felicidad. Un Ensayo de Mecánica Social (Society and Happiness. An Essay on Social Mechanics), published in 1916. Twenty years before the publication of The General Theory of Employment, Interest and Money (1936) by Keynes, Bernácer established the fundamental pillars of macroeconomics. Some of these works came to the attention of Professor Robertson in Cambridge where Keynes worked. Villacís demonstrates the invalidity of the fundamental equation of macroeconomics: savings equal to investment.
This book discusses the epistolary relationship of the author, José Villacís, with Professor Robert M. Solow.
- Dedication
- Presentation
- Reading guidelines
- Original prologue by José Villacís From 1993
- Prologue by Paul Samuelson
- Prologue by Juan Velarde
- Prologue by José Villacís 2008
- Introduction
- Part oneThe Market
- 1 Companies and domestic economies
- 2 Capital
- 3The market
- 4 Potential and actual demand
- 5 Market terms in mathematics
- 6 The axiomatic and the market: production & consumption
- Part Two Money
- 7 Money
- 8 Macroeconomic terms for the market: global supply and demand
- 9 Commodity currency
- 10 Fiat money
- 11 Foreign trade
- 12 Interest
- 13 A Psychological and monetary criticism of Böhm-Bawerk
- 14 Turgot: a discovery in the history of economic thought related to interest
- 15 Interest revisited
- 16 The financial market
- Part Three The cycles
- 17 The cycles
- 18 The dynamic of crisis in the theory of disposable funds
- Part FourAnalogies & differences with other theories
- 19 Analogies & differences
- 20 The great doubt
- 21 Robertson
- 22 The bitter Mexican controversy
- Part fiveMonetary policy or Bernacerian monetary reform or rational utopia
- 23 Monetary policy or rational utopia
- 24 The method
- Part six Conclusions of the work
- Appendixes
- Appendix 1 Symbols and clarification of certain nomenclature
- Appendix 2 Dictionary of Bernacerian terms (or related terms)
- Appendix 3 Opinions on the functional doctrine of money by Germán Bernácer
- Appendix 4 General exposition of works by bernácer, keynes & others (chronologically)
- Appendix 5 Economic theories of Bernácer and Keynes: a general summary
- Part seven The life and work of Germán Bernácer
- 26 The life and work of Germán Bernácer
Text
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