Böcker av Mateusz Machaj

This book builds upon a long-accepted tradition of quantity theory of money in explaining long run inflation levels. It elucidates how and why ¿ despite its important limitations ¿ the theory can be applied throughout history, including the 2022 spikes in inflation.

Money, Interest, and the Structure of Production argues that what modern economic theory lacks is a solid capital theory. This book attempts to fill the gap in the theory of production structure by offering an opportunity for deepened understanding of economic processes of growth, pricing and business cycles.