The New Macroeconomics
This book reconstructs and restates macroeconomics in an attempt to set the foundations for a new analytical framework and a consensus model in macroeconomics.
It begins with a critical analysis of the main macroeconomic theories and demonstrates their invalidity, thus establishing the necessity for a new macroeconomics. Then, it proceeds with the construction and analysis of a new macroeconomic system which is founded on new postulates and amounts to a full-scale reconstruction of conventional production, distribution, supply, investment and interest rate theory.