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Titlebook: Economic Theory in the 21st Century; Towards a Renewed Un Dirk Kaiser Book 2020 The Editor(s) (if applicable) and The Author(s), under excl

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On the External Arrangement of the Monetary Calculusn external monetary calculus. Externalities are twofold: Temporally, it determines the optimum holding of the general medium of exchange in advance by contrasting the expected benefits and costs of potential money holdings before they actually occur. Factually, none of the various demand and supply
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Analysis of an Expansionary Monetary Impulseher via the optimum holding of money. This way, the overall system also allows for the analysis of an expansionary monetary impulse, which lifts the effective amount of money holding over the desired one. Rational decision makers will strive to offload the monetary surplus generated this way on the
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Summaryent in politico-economic discussions of our time. Are people referring to it aware of the sophistication that its usage requires? In this book, a doubling of capital in the original sense into real capital and equity is proposed. Money is the other topic. The synallagmatic market conception of this
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Outlook conclusion of this book is to use terms like “capital”, “capitalist” and “capitalism” with the utmost diligence—or avoid the terms altogether. Furthermore, it poses a fundamental question: Should we continue to cling to the concept of the money market?
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