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We have summarized here the essential of this book by the author. FOR A NEW ECONOMY: THE FALLACIES OF THE ECONOMIC SCIENCESCHAPTER 1 ECONOMIC THEORY IN CRISISTHE WORLD ECONOMY IS IN CRISIS. Unemployment in WESTERN EUROPE is close to 20 MILLION UNEMPLOYED. The United States has two deficits: the federal budget and the balance of trade. Large areas of the former Soviet empire are on the verge of economic collapse.
Japanese companies are facing the deepest RECESSION since the war.