CASE STUDY OF THETICAL AND ANTITHETICAL ECONOMICS. TRANSITION OF ECONOMIC HEGEMONY

The author discusses in this paper how economic hegemony of the world changed from time to time, as part of a case study of “Thetical and Antithetical Economics proposed by Eizo Kinoshita, Reference 1”. The author insists that a law like mechanism functions concerning the rise of a nation to the role of economic hegemon, which is summarized as “the collapse of a bubble economy in a country would help itself emerge as a new economic hegemon,” and verifies it from a historical point of view

A PROPOSAL OF THETICAL ECONOMY AND ANTITHETICAL ECONOMY BY USING OPERATIONS RESEARCH TECHNIQUES

In this paper, the author Kinoshita proposes Thetical and Antithetical economies in macroeconomics by utilizing the technique of operations reserach (OR). The author also states the economy naturally goes through a bubble economic phase, followed by its bursting, when it moves from Thetical Economy to Antithetical Economy. Thus, the author analyzes and identifies how each of the four economic phases (Thetical Economy, bubble economy, the bursting of the bubble, Antithetical Economy) is to be formed. The author also believes that the two major economic events in the past, or the prolonged recession in Japan over the last 20 years, and the global downfall in stock prices triggered by the 2008 U.S. sub-prime loan crisis, which adversely affected general consumers, presented significant difficulties within the study of economics. It is the position of this paper that Japan's recession and the U.S. sub-prime loan crisis have revealed a new fundamental economis truth, in view of the fact that macroeconomics was born from the Great Depression, a prolonged slump that originated in the United States 80 years ago

Proposition of Thetical and Antithetical Economic Line

In this paper, the author proposes a developed version of “Thetical and Antithetical Economics” (12)(14), a theory proposed earlier by himself. In doing so, he first defines the nature of “inflationary gap” and “deflationary gap,” respectively, followed by an in-depth analysis of “Thetical and Antithetical Economic Line,” by examining real-life examples in Japan, the United States and Germany during the first half of the 20th century. In the subsequent discussion of “Thetical and Antithetical Economic Line,” he clarifies how an “antithetical bubble” has been created. In the end, he goes on to give a thorough description of the true identity of “deflationary gap.

A PROPOSAL OF THETICAL ECONOMY AND ANTITHETICAL ECONOMY BY USING OPERATIONS RESEARCH TECHNIQUES

In this paper, the author Kinoshita proposes Thetical and Antithetical economies in macroeconomics by utilizing the technique of operations reserach (OR). The author also states the economy naturally goes through a bubble economic phase, followed by its bursting, when it moves from Thetical Economy to Antithetical Economy. Thus, the author analyzes and identifies how each of the four economic phases (Thetical Economy, bubble economy, the bursting of the bubble, Antithetical Economy) is to be formed. The author also believes that the two major economic events in the past, or the prolonged recession in Japan over the last 20 years, and the global downfall in stock prices triggered by the 2008 U.S. sub-prime loan crisis, which adversely affected general consumers, presented significant difficulties within the study of economics. It is the position of this paper that Japan's recession and the U.S. sub-prime loan crisis have revealed a new fundamental economis truth, in view of the fact that macroeconomics was born from the Great Depression, a prolonged slump that originated in the United States 80 years ago