The Origin of Macroeconomics
In 1916 the Spanish economist German Bernacer outlined the fundamentals of macroeconomics in his book Society and Happiness. Using this analytic base, he developed the key concepts that were subsequently revealed by Keynes in his General Theory and, after Keynes, by all post-Keynesian researchers. Indeed, there are components of what is now an accepted science that still deserve investigation and that, in many cases, Villacis has already worked on. Jose Villacis has spent nearly 20 years researching and developing the thoughts of Bernacer. This is different kind of macroeconomics. The key to Nernacer's pioneering thought is that financial speculation is the root cause of economic crises. With this thesis he anticipated the crisis we are now immersed in by almost a century, line by line, and concept by concept.
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