Economics of Growth and Crisis


New: Field Theory of Macroeconomics   

Heribert Genreith

Cornell University Library - New York (Subm. 16 May 2014; Published 24 July 2014)

In this article we will show that the Macro-Economy and its growth can be modelled and explained exactly in principle by commonly known Field Theory from theoretical physics. We will show the main concepts and calculations needed and show that calculation and prediction of economic growth then gets indeed possible in Dollars and Cents. As every field theory it is based on an equation of continuity, which in economic terms means the full balance of all sources and sinks of Capital (Assets) and real Goods (GDP) in the bulk. Uniqueness of field theory of macroeconomics then can be derived from adapting Noether's Theorems, which is based on the notion of invariants to derive unique field equations. We will show that the only assumption which is needed for a self-consistent non-linear macro-economic theory is that the well known Quantity Equation, used in corrected formulation, holds at least locally in time. 

Comments: 94 pages, 39 figures, 1 table

Subjects: General Finance (q-fin.GN)

MSC classes: 91B62, 91B64, 91B74, 91B02

Cite as: arXiv:1407.6334 [q-fin.GN]

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The E-book "Economics of Growth and Crisis" (US-Version) is available at Amazon as a convenient readable Ebook for handheld devices.

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A free readable Web-Version of the Academic Preprint Book "Economic Engineering"  can be read here


(D) D. Peetz, H. Genreith, Neues Makromodell: Die Grenzen des Wachstums: Finanz- vs. Realwirtschaft, Die Bank, Zeitschrift für Bankpolitik und Praxis, Ausgabe 3/2011, S. 20-24.

(D) H. Genreith, Technical Paper zum Artikel in Die Bank 3/2011, S20-24, Ifara, Institut für angewandte Risikoanalyse, Febr. 2011

(D) H. Genreith, Makroökonomische Feldtheorie, ISBN 978-3-8423-8029-5, Books on Demand, Norderstedt, 2011

(E) D. Peetz and H. Genreith, The financial sector and the real economy, Real-World Economics Review, issue no. 57, 6 September 2011, pp. 40-47

(C) D. Peetz, H. Genreith, B. Yao-Hein, The limits of growth, Ifara Publication in Chinese Language, translation of D. Peetz, H. Genreith, Neues Makromodell: Die Grenzen des Wachstums: Finanz- vs. Realwirtschaft, Die Bank, 3/2011, S. 20-24., 2011

(E) H. Genreith, Economic Engineering, Academic Preprint, English Translation of  "Makroökonomische Feldtheorie" with some advances, Preprint, Books on Demand, Nr. 949158, Norderstedt, August 2012.

(E) H. Genreith, Economics of Growth and Crisis,  Amazon Kindle Edition, ASIN B009YLFM9U, Oct. 2012

(D) H. Genreith, Quid pro Quo, oder: Ist unser Geld noch sicher?, Journal21, (I) 31.03.2013 und (II) 04.04.2013

(E) H. Genreith, Field Theory of Macroeconomics, arXiv:1407.6334 [q-fin.GN], 16 May/24 July 2014

(E) H. Genreith, Mechanics of Economic Growth and Crisis, Journal of Social Business, JSB Vol. 6, No. 2, July & No.3. October 2016, pp. 9-44

(E) H. Genreith, Is the financial system a slow motion Ponzi scheme?, Journal of Social Business, JSB Vol. 7, No. 1, April 2017, pp. 33-53


Talks, Wiki, Blog:

(D) Talk at the University Luzern, IFZ Zug CH, 4/2011: "Der Fehler im System – Wachstumsmodelle und Makroökonomie" Lesson I, and "Wie entstehen Inflation und Geldwertinstabilität?"Lesson II    

(D) Talk at the University of Göttingen, D, 12/9/2012, Das Kind im Bade, Zur Mathematik des Wachstums, Video and Paper

(D) Podium Diskussion  "Neue Ideen für Revolutionen und Piraten: Alles schon mal dagewesen?", University Göttingen, 2012

(D)(E) TandemVipera Blog,: Language can be changed to english (E) by google-translation button.

(D)(E) TandemVipera Blog, LABEL Macroeconomics (VWL): Language can be changed to english (E) by google-translation button.

(E) Modeling and Analysis of Complex Monetary Economics, MACME III, From SFC to Invariance Principles in Macroeconomics, Paris 8th December 2016