New Economic Theory

The standard economic theory, despite its many advantages, has a significant weakness: it is only of limited applicability to the economic reality of practice. Therefore, the book presents a new economic theory that is completely oriented towards the reality of economic practice. In this new theory, human beings are not just actors but constitute the central element from which the theory and everything else derive: work, production, consumption, demand, supply, exchange, trade, markets, stock exchanges, money, state economics, and global economics with all their complexities. Unlike the standard model, the new theory employs a holistic approach in its methodology. With this new and differentiated economic perspective and mindset, the new theory is capable of initiating a paradigm shift in the discipline of economics. The Content: - Standard Economic Theory and the Reasons for its Failure in the Real World - New Economic Theory: Evolution of Economic Theory or Socio-Economic Revolution? - Time for a Reordering of Society - Relevance of the New Economic Theory for the Future About the Author: Dr. Vinzenz von Holle is an economist, economic researcher, and business consultant. Since the mid-1990s, he has been engaged in academic economic research on topics such as behavioral economics and economic and organizational transformation processes. His studies and work in the United States at Harvard University and Georgetown University, as well as in Europe at the Universities of Vienna and Zurich, have influenced him and his research activities. His expertise covers areas such as behavioral economics, economic theory, economic analysis, crisis and risk management, change management, restructuring and transformations, as well as organizational and strategic development. The translation was done with the help of artificial intelligence. A subsequent human revision was done primarily in terms of content. This book is a translation of an original German edition. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation.