This work addresses gross anomaly of Macroeconomics. Among other follies, so-claimed theories lack the time dimension.
Regarding fiscal multiplier, macroeconomists misapply the cross-case marginal propensity to consume to over-time stability; the former of space dimension, while the latter of time (T for time dimension). The Solow growth model is of the same error.
More generally, the iconic IS-LM model suffers from Dimension Aberration and Reverse Causation. As key to LM, the Cambridge Quantity equation of J.R. Hicks M= k∙I (1937) mismatches dimensions. The stock M (for money at a moment, T0) must be linked to the flow I (for income per period, T-1) with a time variable (T1), not a constant coefficient k. Furthermore, the interest rate is named as the effect in IS-LM, in reverse to the cause in the truer liquidity preference of J.M. Keynes, M= L(r) (1936).
Through the book, post-graduate readers of Macroeconomics, Economics, Finance and Political Economy will get new perspectives on their discipline.
Online Arbitration in Theory and in Practice
Amro presents an overview of online arbitration and electronic contracting worldwide, examining their national and international contexts and assessing their ongoing relevance. As such, he offers solutions to the challenges facing online arbitration and electronic contracting.
