Proposition of Thetical and Antithetical Economic Line

Abstract

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.”