Quantum Macroeconomics
Quantum Macroeconomics

Author: Jean-Luc Bailly

Publisher: Taylor & Francis

Published: 2016-10-04

Total Pages: 233

ISBN-13: 131728786X

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Quantum Macroeconomics presents a new paradigm in macroeconomic analysis initiated by Bernard Schmitt. It explains the historical origin, the analytical contents, and the actual relevance of this new paradigm, with respect to current major economic issues at national and international level. These issues concern both advanced and emerging market economies, referring to inflation, unemployment, financial instability, and economic crises. In the first part of this volume, leading scholars explain the historical origin and analytical content of quantum macroeconomics. The second part explores its relevance with respect to the current major economic issues such as the sovereign debt crisis and European monetary union. The volume also features two previously unpublished papers by Bernard Schmitt. The main findings of this book concern the need to go beyond agents’ behaviour to understand the structural origin of a variety of macroeconomic problems, notably, inflation, unemployment, financial instability, and economic crises. The originality that pervades all contributions is plain, when one considers the lack of any structural explanation of national and international economic disorders in the literature within the mainstream approach to economics. This edited volume is of great interest to those who study macroeconomics, monetary economics and money and banking.

Bernard Schmitt’s Quantum Macroeconomic Analysis
Bernard Schmitt’s Quantum Macroeconomic Analysis

Author: Alvaro Cencini

Publisher: Taylor & Francis

Published: 2022-11-25

Total Pages: 483

ISBN-13: 1351271318

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The aim of Bernard Schmitt’s analysis of the monetary economy of production was twofold: to introduce and to explain the logical character of the macroeconomic laws governing our economies and to explain the origin of the pathologies that follow if these laws are not complied with. Schmitt’s main original contributions concern the theories of value, profit, and capital, as well as his explanation of inflation, unemployment and international payments, unified as quantum macroeconomic analysis. This book expounds on the key principles of quantum macroeconomic analysis as he conceived and developed them. Schmitt’s starting point was the analysis of bank money and the way it is associated with produced output. His macroeconomics was not founded on microeconomics nor derived from the aggregation of microeconomic variables. Schmitt’s theory does not rely on mathematics and modelling either; instead, it is based on logical laws derived from the nature of money and monetary payments. Part I of this book deals with the quantum macroeconomic analysis of capitalism and its pathologies developed by Schmitt and provides the elements necessary to understand its ‘structural’ mechanism. Parts II and III deal with the principles of two reforms that enable the passage from capitalism to post-capitalism and from the present non-system of international payments to an orderly system. This book provides essential reading for all those interested in heterodox approaches to macroeconomics, monetary economics, banking, international economics, and the history of economic thought.

Quantum Economics
Quantum Economics

Author: David Orrell

Publisher: Icon Books

Published: 2018-07-05

Total Pages: 249

ISBN-13: 1785784005

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A decade after the financial crisis, there is a growing consensus that economics has failed and needs to go back to the drawing board. David Orrell argues that it has been trying to solve the wrong problem all along. Economics sees itself as the science of scarcity. Instead, it should be the science of money (which plays a surprisingly small role in mainstream theory). And money is a substance that turns out to have a quantum nature of its own. Just as physicists learn about matter by studying the exchange of particles at the subatomic level, so economics should begin by analysing the nature of money-based transactions. Quantum Economics therefore starts with the meaning of the phrase 'how much' – or, to use the Latin word, quantum. From quantum physics to the dualistic properties of money, via the emerging areas of quantum finance and quantum cognition, this profoundly important book reveals that quantum economics is to neoclassical economics what quantum physics is to classical physics – a genuine turning point in our understanding.

Quantum Macroeconomics Theory
Quantum Macroeconomics Theory

Author: Dimitri Ledenyov

Publisher:

Published: 2015

Total Pages: 58

ISBN-13:

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The quantum macroeconomics theory is formulated for the first time, assuming that the business cycle has the discrete-time oscillations spectrum in analogy with the electronics excitations discrete-time spectrum in the Bohr's atom model in the quantum physics. The quantum macroeconomics theory postulates that the discrete-time transitions from one level of GIP((t), GDP(t), GNP(t) to another level of GIP((t), GDP(t), GNP(t) will occur in the nonlinear dynamic economic systems at the time, when: 1) The land, labour and capital resources are added/released to the production/service processes in the form of quanta; 2) The disruptive scientific/technological/financial/social/political innovation is introduced, creating the resonance conditions necessary to amplify/attenuate the value of GIP((t), GDP(t), GNP(t), during the evolution process of the nonlinear dynamic economic system in the time domain. The authors think that the general information product on the time GIP((t), the general domestic product on the time GDP(t), and the general national product on the time GNP(t), are the discrete-time digital signals (the Ledenyov discrete-time digital waves with the Markov information) in distinction from the continuous-time signals (the Kitchin, Juglar, Kuznets, Kondratieff continuous waves), because of the discrete-time nature of the disruptive scientific/technological/financial/social/political innovations. The authors apply the quantum macroeconomics theory to research and develop a new software program for the accurate characterization and forecasting of GIP((t), GDP(t), GNP(t) dependencies changes in the economies of scales and scopes in the time domain for the use by the central/commercial banks.

Quantum Field Theory for Economics and Finance
Quantum Field Theory for Economics and Finance

Author: B. E. Baaquie

Publisher: Cambridge University Press

Published: 2018-08-23

Total Pages: 717

ISBN-13: 1108423159

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This book provides an introduction to how the mathematical tools from quantum field theory can be applied to economics and finance. Providing a range of quantum mathematical techniques for designing financial instruments, it demonstrates how a range of topics have quantum mechanical formulations, from asset pricing to interest rates.

Quantum Economics and Finance
Quantum Economics and Finance

Author: David Orrell

Publisher:

Published: 2022-07-13

Total Pages: 0

ISBN-13: 9781916081635

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The word "quantum" is from the Latin for "how much" and in this book mathematician David Orrell shows how it applies to the world of economic transactions. Written in clear and accessible language, the book covers the essential mathematics behind topics such as quantum cognition, option pricing, and quantum game theory, and delves into the nuts and bolts of quantum mechanics, the principles of quantum economic modelling, and the basics of quantum computation. On the way the reader will learn how quantum interference can be used to model cognitive dissonance, how a quantum walk goes further than a random walk, and how financial entanglement explains the rate of mortgage default. It is aimed at anyone who wants to understand the quantum ideas working their way into economics and finance, without getting drowned in wave equations. As interest in quantum computing grows, many companies from established banks to startups are looking at ways to perform financial simulations using quantum algorithms. But what if we should be using quantum models anyway - because the monetary system has quantum properties of its own, and because they work? The field is developing rapidly, and this third edition contains many updates including new material on quantum logic and quantum agent-based models. David Orrell is an applied mathematician with extensive experience in mathematical modelling, and the author of a dozen books on science and economics.

Mathematical Methods and Quantum Mathematics for Economics and Finance
Mathematical Methods and Quantum Mathematics for Economics and Finance

Author: Belal Ehsan Baaquie

Publisher: Springer Nature

Published: 2020-08-10

Total Pages: 439

ISBN-13: 9811566119

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Given the rapid pace of development in economics and finance, a concise and up-to-date introduction to mathematical methods has become a prerequisite for all graduate students, even those not specializing in quantitative finance. This book offers an introductory text on mathematical methods for graduate students of economics and finance–and leading to the more advanced subject of quantum mathematics. The content is divided into five major sections: mathematical methods are covered in the first four sections, and can be taught in one semester. The book begins by focusing on the core subjects of linear algebra and calculus, before moving on to the more advanced topics of probability theory and stochastic calculus. Detailed derivations of the Black-Scholes and Merton equations are provided – in order to clarify the mathematical underpinnings of stochastic calculus. Each chapter of the first four sections includes a problem set, chiefly drawn from economics and finance. In turn, section five addresses quantum mathematics. The mathematical topics covered in the first four sections are sufficient for the study of quantum mathematics; Black-Scholes option theory and Merton’s theory of corporate debt are among topics analyzed using quantum mathematics.

Quantum Economics and Abundant Wealth
Quantum Economics and Abundant Wealth

Author: Atticus Clemens

Publisher: Createspace Independent Publishing Platform

Published: 2016-02-14

Total Pages: 382

ISBN-13: 9781530031474

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What is the greatest obstacle in human life? Rationalizing and overcoming the fear of death. Enlightened Masters through the ages intuitively knew that death was a fallacy and that eternal life was the destiny of all men. Approaching a century after the discovery of the principles of quantum mechanics and 20 years after the creation of the internet, the peace, healing and calm of eternal life is within the comprehensive reach of all men. This however is not optional. We are bound to strive and reach for this. It is our nature, it is our mission. For just so long as we choose to remain in the dark on this question shall the brotherhood of all men remain in the cold of the valley of the shadow of death. That valley is landscaped in disharmony, chaos, poverty and war. Our time in this valley is ending. Consider the following from The Matrix: You're here because you know something. What you know you can't explain. But you feel it. You've felt it your entire life. That there's something wrong with the world. You don't know what it is, but it's there. Like a splinter in your mind, driving you mad. It is this feeling that has brought you to me. It is this feeling that has brought you to this book. The nature of the universe is fundamentally paradoxical. This results in men constructing perceptions of themselves and the universe that are fundamentally misinformed and untrue. In this book you will come to understand and explain precisely what is wrong with the world to borrow once again from The Matrix. The application of the truths demonstrated and analytically supported herein bring us to the moment of truth. It is the truth of the fundamentally unsustainable economic system. Why is it unsustainable and unjust? Can we construct reformations which align with the truths that our generation has broad access to seeing through to? On both accounts the answer, with certainty is YES! Carl Sagan observed, "Extraordinary Claims, require Extraordinary Evidence." Within the pages of this book may you find the extraordinary evidence which soothes the irritation of the splinter in your mind and liberates you from the prison of the valley of the shadow of death.

Macroeconomic Foundations of Macroeconomics
Macroeconomic Foundations of Macroeconomics

Author: Alvaro Cencini

Publisher: Routledge

Published: 2012-10-12

Total Pages: 384

ISBN-13: 1134382235

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Contrary to common belief, macroeconomics is not merely a theory of aggregates, and cannot be constructed from individual behaviour. Both nationally and internationally, there are economic laws that are logically independent of economic agents’ behaviour. These are the macroeconomic foundations of macroeconomics. Presenting cutting-edge material, Alvaro Cencini explores these foundations, and shows that the introduction of money entails economics being interpreted conceptually not mathematically. His innovative book provides the elements for a new approach by applying the most recent results of monetary analysis to the study of national and international economics. It covers recent progress in monetary theory, provides the reader with a greater understanding of the subject, and will be essential reading for economic students as well as a valuable resource for economists.