A New Theory of Monetary Long Cycles, with Assumptions Fitted to the Twenty-first Century
First Statement of Responsibility
/ Philippe Jourdon
SUMMARY OR ABSTRACT
Text of Note
Theories of long monetary cycles by Marjolin (1941) and Dupriez (1966) are reconsidered in order to update their practical application framework to the 21st century situation. This leads to recommendations to rely on the euro for taking in charge a social project – consisting in balancing protection of private, social and self property – and to monitor simultaneously three parameters: external (geopolitical), internal (social), and contingent (economic). It might be the start of a new theory of money.