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Quantum Macroeconomics
Paperback
Series: Quantum Economics, Book 2
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ISBN13: 9798905890239
Publisher: Primal Economics Press
Published: Sep 9 2026
Pages: 394
Weight: 2.01
Height: 0.81 Width: 8.50 Depth: 11.00
Language: English
Publisher: Primal Economics Press
Published: Sep 9 2026
Pages: 394
Weight: 2.01
Height: 0.81 Width: 8.50 Depth: 11.00
Language: English
In November 2008, Queen Elizabeth II posed the famous question at the London School of Economics: Why did nobody see the crisis coming? This inquiry laid bare the recurrent failures of mainstream macroeconomics. From the Great Depression, the stagflation of the 1970s, the global collapse in 2008, to the subsequent pandemic shocks and inflation volatility, the Dynamic Stochastic General Equilibrium (DSGE) framework rests on premises of linear causality, representative agents, stable equilibrium, rational expectations and observer neutrality. It treats the economy as a clockwork machine driven solely by exogenous shocks, rendering it inherently incapable of capturing genuine uncertainty, mutually entangled expectations, and financial systems with cascading nonlinear breakdown transmission. This monograph is the first work worldwide to systematically establish quantum macroeconomics. Before decisions are made, expectations and plans coexist as superpositions of multiple possible states; observation, forecasting or policy intervention collapses these superpositions into definite outcomes. Households, firms, banks and nation-states are mutually entangled: the state of one agent forms an intrinsic component of another's state, and shocks propagate in a nonlocal manner. Coherence amplifies booms and panics, while the loss of coherence triggers phase transitions between booms, recessions and crises. Classical economics is subsumed as a decoherent special case where interference vanishes, representing a sublation that preserves the valid components of the conventional framework.
The book consists of six parts and thirty chapters. Part I, Theoretical Foundations, diagnoses the century-long crisis of mainstream macroeconomics and its mechanistic worldview, establishes philosophical underpinnings, four core modes of quantum macroeconomic reasoning, and the overarching analytical framework. Part II, Microfoundations, constructs the quantum agent alongside theories of quantum consumption, investment, labor and money demand. Part III, Aggregate Supply, Aggregate Demand and Macroeconomic Variables, reconstructs aggregate demand, aggregate supply, and core macroeconomic variables including inflation, unemployment and growth. Part IV, Business Cycles and Open-Economy Macroeconomics, treats business cycles, financial crises, asset prices, exchange rates and balance of payments as phenomena of superposition and entanglement. Part V, Macroeconomic Policy, reconstructs monetary, fiscal, industrial, macroprudential policies and global governance. Part VI, Frontiers and Prospects, explores quantum macroeconometrics, early-warning systems for crises, quantum digital economics, green transitions and the future of the discipline.
The book pursues unity and depth, originality and rigor, accessibility and fluency. Within an axiomatic framework, core macroeconomic phenomena are derived from a small set of quantum principles. Each chapter features original theoretical construction, formal derivations and real-world applications, with custom-designed diagrams supporting the arguments. This volume is suitable for undergraduate and graduate students, researchers, policymakers, and all readers seeking to understand why economies boom and collapse.
The book pursues unity and depth, originality and rigor, accessibility and fluency. Within an axiomatic framework, core macroeconomic phenomena are derived from a small set of quantum principles. Each chapter features original theoretical construction, formal derivations and real-world applications, with custom-designed diagrams supporting the arguments. This volume is suitable for undergraduate and graduate students, researchers, policymakers, and all readers seeking to understand why economies boom and collapse.
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