A New Theory of Monetary Long Cycles under Scrutiny of First Round Empirical Tests
First Statement of Responsibility
/ Philippe Jourdon
SUMMARY OR ABSTRACT
Text of Note
In the present article the author reconsiders the theories of long monetary cycles by Marjolin (1941) and Dupriez (1966) in order to update their practical application to the 21st century. This leads to the recommendation to rely on the euro for a social project – consisting of balancing protection of private, social and self-property – and to monitor simultaneously three parameters: external (geopolitical), internal (social), and contingent (economic). This new method is designed with a view to contribute to the future balance in world affairs.