Bernard Schmitt’s Quantum Macroeconomic Analysis

Alvaro Cencini is Emeritus Professor of Economics, University of Lugano (USI), Switzerland.

• .Foreword: A biographical note on Bernard Schmitt   .Introduction   PART I - 1959-1987: The years of Schmitt’s greatest insights   A. From money to capital   1 The discovery of the true nature of money and the origin of its purchasing power   2 The building blocks of a theory of national money: from Monnaie, salaires et profits (1966) to Théorie unitaire de la monnaie, nationale et internationale (1975)   3 Schmitt’s critical analysis of neoclassical, Keynesian, Marxian, and Sraffian economics from 1959 to 1988   4 1979-1984 The discovery of quantum time   5 Quantum economics and capital   6 Schmitt’s 1984 explanation of inflation and unemployment and the principles of his 1984 reform   B. From national to international money   7 International payments as a cause of monetary disorders   8 Schmitt’s first proposals for a world monetary reform   9 Schmitt’s contribution to the debate on European monetary unification: 1975 – 1988   PART II - 1987-1998: The years of further in-depth analysis   10 1987-1995: Schmitt’s first extended analysis of countries’ external debt   11 The analysis of capital and interest based on Schmitt’s unpublished manuscripts of 1993-1996   12 Schmitt’s new analysis of unemployment: his 1998 contribution   13 The development of Schmitt’s criticism of general equilibrium analysis   14 From capitalism to post-capitalism   PART III - 1999-2014: The final years of groundbreaking analysis   15 Towards the ‘interest theorem’: the double cost of interest payments   16 The final criticism of general equilibrium analysis   17 The discovery of the pathological nature of countries’ sovereign debt (2010-2014)   18 The one-country solution to the sovereign debt problem   .Conclusion