Foundations of Economic Science

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9789843206558: Foundations of Economic Science
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Foundations of Economic Science is the first treatise to present unified economics, using a new approach to build economics as a rigorous science. It is no longer necessary to divide economics between micro and macro. Using a new analytical tool called consistency analysis, it decomposes aggregate output according to means of payment; and uses a payment circuit to show how money circulates and affects output and employment. It offers four new theorems which make prevailing macroeconomics and monetary economics by and large obsolete. It proposes financial reform to permanently solve involuntary unemployment, undue instability and excess debt.

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Dr. Mohammad Gani (born 1954) obtained BA(Honors)and MA in economics from Dhaka University and MA and PH.D. in economics from New York University. Since 1981, he has worked to rebuild economic theory from its roots. He taught at universities, served in governments and runs a consulting firm. He lives in Toronto, Canada.

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