Concordian economics and the economic bubble

Carmine Gorga

MPRA Paper from University Library of Munich, Germany

Abstract: In Concordian economics, a bubble is defined as a separation of monetary values from values of real wealth. This separation is effected by the fundamental proposition of Concordian economics: Investment is income minus hoarding. This definition, in turn, allows us to identify a set of crucial relationships that exist in the economic process, namely more hoarding, less investment and less growth; more hoarding, more inflation; more hoarding, more poverty.

Keywords: A10; B40; B59; C18; D84; E01; E19; G01; K40 (search for similar items in EconPapers)
JEL-codes: A10 A19 B40 B59 C18 D84 E1 E19 G01 K40 (search for similar items in EconPapers)
Date: 2016-08-15
New Economics Papers: this item is included in nep-hpe and nep-mac
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Published in Econintersect Daily Internet newsletter.NA(2016): pp. NA-NA

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