Mainstream economics has never been more vulnerable to a loss of trust. From liberal economic thought to Keynesian macroeconomic theory, the limitations of thought have become more and more obvious in reality.

The content of this book is the focus of current economics. What is the theory of debt? The relationship between low or negative interest rates and high debt & inflation? The failure of monetary and fiscal policies? Why does TFP tend to decline? What are the internal factors of economic development and population growth? This book gives a theoretical explanation of these phenomena and problems. It belongs to the frontier research of macroeconomics and has urgent practical needs.

The author worked in Sichuan Economic Development Research Institute and has the qualification of senior economist. He serves as the Managing Director of Sichuan Provincial Quantitative Economics Association. His research interests include macroeconomics and philosophy.