வணிகம் மற்றும் பொருளாதார இதழ்

Rational Finance, "Caput Mundi" Money: A Global Deception

Abstract

Fabrizio Pezzani

Today we study finance instead of economics and the Nobel Prize that the Swedish Academy invented for the latter in 1969, funded by its national bank, laid out the "red carpet" to replace economics with finance that is instead a derivative thereof. We have eradicated the principle of long term economics and 500 years of accountancy with shorttime liquidity. Rational finance and "caput mundi money" was created with absent and even illegitimate logical and scientific foundations. We here attempt to reconstruct the process underlying this "global deception".