THE ECONOMIC BUBBLE AND ITS MEASUREMENT

  • Carmine GORGA The Somist Institute, Gloucester, Massachusetts, USA

Abstract

In mainstream economics, the sight is restricted to forms of financial bubbles. In Concordian economics, rather than the behavior of the financial markets. instead, a bubble is defined as a separation of monetary values from values of real wealth. Hence, the concern is with the behavior of the entire economic system. Once defined, Concordian economics allows us to measure the bubble. To obtain this result, Concordian economics overcomes one of the major hurdles in economics, that is the measurement of real wealth as an entity separate and distinct from monetary wealth.

References

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[5] Rubin, M. D. 2016. Personal communication, August 30
Published
2017-07-18
How to Cite
GORGA, Carmine. THE ECONOMIC BUBBLE AND ITS MEASUREMENT. Theoretical and Practical Research in the Economic Fields, [S.l.], v. 8, n. 1, p. 19-23, july 2017. ISSN 2068-7710. Available at: <https://journals.aserspublishing.eu/tpref/article/view/1286>. Date accessed: 14 oct. 2019. doi: https://doi.org/10.14505//tpref.v8.1(15).02.