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This paper is about a novel evolutionary theory of macroeconomics. The fundamental premise is that value and scarceness …. The theory is anchored in probability theory. The methods employed are logically deductive. Consistency of premises and … results as well as the eventual necessity of their fundamental symmetry has been deliberately pursued. The theory is universal …
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Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...
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