**Dies ist eine alte Version des Dokuments!** ----
====== Economic Engineering - Field Theory of Macroeconomics ====== Preprint of the English translation of the German book “Makroökonomische Feldtheorie” ISBN: 978-3842380295 with some advances. __**Refer to:**__ **''Heribert Genreith, //Economic Engineering//, General Field Theory on Economic Growth in Substitutional Competition; Editor and Author: Heribert Genreith; Books on Demand, Norderstedt, Germany, 2012; BoD Book Number: 949158; used here: V 1.0 - WIKI at http://genreith.de/doku''** //All rights reserved: Copyright 2012 Heribert Genreith// ====== Foreword to the Preprint Version: ====== The German edition of this book was published in 2011 with the title //“Makroökonomische Feldtheorie: Allgemeine Theorie des ökonomischen Wachstums in Substitutionskonkurrenz”//, **ISBN 978-3-8423-8029-5**, Books on Demand, Norderstedt, 2011. The most simplest linearized model was first introduced in literature a little bit earlier in 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. An English translation of this article appeared in 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. In the meantime the first Master Thesis using the new theory was delivered at the University of Luzern, Switzerland: Hochschule Luzern – Wirtschaft & Zürcher Hochschule für Angewandte Wissenschaft, MSc in Banking & Finance, Selvi Basci, //“Betrachtung von Wachstumsdynamiken unter Berücksichtigung von sozioökonomischen Entwicklungen am Beispiel der Türkei”//, Masterthesis, June 2012. Further academic works are in progress. Im still working on an approved edition of this fundamental economic book in English language. Producing high quality academic books with layout standards and correct translated language like it is requested by the eminent international academic publishing companies is a very time and cost intensive task. Time that we don't have due to the actualities and not enough money for fast publishing in standard academic press due to lack of sponsorship. Due to the dramatically increasing financial crisis, not just in the EU, but also in the US and mainly most developed countries, I have to publish this somehow raw preprint. Although the maths is on actually high standard, the graphics and the language are not yet finished to standard academic book quality. Especially the graphs have to be redesigned. Although the graphs are partly still with German markers, they are mostly self-explanatory and also provided with detailed english description. The book's preprint is published to enable international university scientist, which are no German language readers, to use and cite the new theory much earlier. I hope the worldwide much larger community of economists reading english literature will pardon me for my sometimes fragile English. The final (ISBN listet) edition will appear after a lot of fine tuning in later 2012 or 2013. ====== CONTENTS ====== ===== Introductionary Chapters ===== [[eegenreith-1|1 Foreword to the Classical Economist]] [[eegenreith-2|2 Introduction]] [[eegenreith-3|3 Definition of the Main Problem]] ====== PART I ====== ==== Special Field Theory ==== 4 Special Field Theory of Macroeconomics 5 Derivation of Basic Equations 6 The Parameter Functions 7 Determination of the Net Business Rate 8 Basic Example Calculations for the FRG 9 Some Remarks about Units 10 Capital Coefficients in the Model and Reality 11 Monetary Inflation Correction and Calibration 12 Real, Nominal or Hedonic Numbers? ==== Classical Growth Models ==== 13 Classical Growth Models 14 AK-Models and Others 15 Cobb-Douglas Production Function 16 Uzawa-Lucas and Solow-Swan-Models 17 General Criticism of the Classical Growth Models ==== Basic Equations ==== 18 Analysis of the Basic Equations 19 Discussion of the Analytical Solution 20 Rule of Thumb: the Economic half-life Time ==== The Quantity Equation ==== 21 The Quantity Equation 22 Conformity to Quantity Equation 23 The Enhanced Quantity Equation ==== Substitutional Economy ==== 24 Supply and Demand - Substitution 25 Marginal Utility and Gossen's Law 26 Substitution Laws 27 Macro- and Microeconomic Substitution Rules 28 Macroeconomic Savings 29 Comparison with Classical Economics 30 Remarks on Technology, Productivity and Education ==== Inflation and Public Debt ==== 31 Analysis of Inflation 32 Substitution Competition and Public Debt ==== Economic Cycle ==== 33 Short Remark on the Economic Cycle 34 Effects of Globalization 35 Sustainable Environmental Performance ==== Summary ==== 36 Summary of the Special Field Theory ====== PART II ====== ===== General Field Theory ===== 37 General Field Theory of Macroeconomics 38 Invariants and Euler-Lagrange-Equations ==== Field Equations ==== 39 The General Quantity Equation 40 Field Equations of Economics 41 Example: Investment Banking 42 Introducing Labor and Wages ==== Further Symmetries ==== 43 The Predator-Prey Symmetry 44 Spiral Symmetry of Economy 45 Preservation of the Tangent Angle 46 Higher Orders of the Tangent 47 Rotational-Stretching-Symmetry 48 Commutator Symmetry ==== Summary ==== 49 Summary of the General Field Theory ====== APPENDIX ====== Some Sample Calculations Postscripts Tables Errata, Addenda, and Preview Literature Acknowledgements and Dedication ----