Macroeconomics as Systems Theory

Richard E. Wagner is Holbert L. Harris Professor of Economics at George Mason University, USA. He has authored about 30 books and monographs and 200 journal articles across a diverse spectrum of subjects in economic theory and political economy. He was the founding co-editor of Constitutional Political Economy from 1989-1997, and he is currently a member of the editorial boards of Constitutional Political Economy, the Journal of Public Finance and Public Choice, the Journal of Infrastructure, Policy, and Development, and the Review of Austrian Economics.

• 1. Macroeconomics as Systems Theory: Setting the Stage.- 2. Models of Social Order: Mechanical vs. Creative.- 3. Structures of Production and Properties of Social Order.- 4. Diachronic Action within an Ecology of Plans.- 5. Kaleidic Economies and Internally Generated Change.- 6. Entangled Political Economy within Human Population Systems.- 7. Public Policy as the Political Calculation of Economic Value.- 8. Money, Credit, and Commanding the Societal Heights.- 9. Reason, Sentiment, and Democratic Action.- 10. Liberalism, Collectivism, and Democracy.

“I hope the prose and tone of my summary conveys how much I thoroughly enjoyed and learned from this book. … Wagner’s book provides researchers with a legion of avenues of research for others to help continue to push our science in these (more fruitful) directions and uncover the unseen realities that current mainstream economics hides from our view.” (Jonathan W. Plante, The Review of Austrian Economics, Vol. 35 (4), 2022)