Excess Economics

Author: Dang Aimin
Publisher:
Publish Date: 2004-03-01
Features: The main content of this book is the author's theoretical innovation. The theoretical ideas of this book are, on the one hand, inspired by and learned from previous theories, and on the other hand, they develop previous theories, making theoretical innovations based on them. The book's references, absorption, and learning from previous theories can be summarized in the following points: It cites Gossen's principle of diminishing marginal utility and the principle of diminishing marginal propensity to consume, from which the conclusion that individual demand has a maximum saturation value is derived; It absorbs Keynes's theory of effective demand, believing that demand will automatically create its own supply, and holds the view that "it is consumption that limits production, not production that limits consumption"; It absorbs Ricardo's theory of production factors, taking labor and capital as the basic units of theoretical research; It absorbs Marx's relevant theories on long-term capital accumulation, arguing that "the real limit of capitalist production is capital itself."
The author of this book proposes a fairer and more efficient way of money supply—money issuance per person. Money issuance per person means completely returning the right to issue money to the public, thereby completely solving the problems of government fiscal deficits, commercial bank bad debts, insufficient demand, and employment. Overall, the book is relatively close to the theories of the Cambridge School, and can be considered an important development of Keynesian theory and the Cambridge School theory.