Leap Write Literary is thrilled to announce the upcoming release of a new edition of Money Flow in a Dynamic Economy by Lawrence C. Marsh, Professor Emeritus of Economics at the University of Notre Dame. This highly anticipated edition, set for release in the first quarter of 2025, introduces a groundbreaking paradigm that reveals a reverse money flow from the real economy on Main Street to the financial economy on Wall Street. This dynamic has led to significant increases in both private and public debt, while suppressing productivity and economic growth.

Lawrence C. Marsh brings decades of expertise to this insightful work. He taught graduate economics at Notre Dame for 30 years, serving as the director of the Ph.D. program in economics for 13 years. Professor Marsh has guided numerous Ph.D. students through their dissertations and subsequent research. Many of his former students have held prominent roles globally, including positions in leading central banks and as key government advisors. Marsh has also served as a visiting professor at the University of Chicago’s Booth School of Business and at Avila University. Additionally, he co-founded the Midwest Econometrics Group (MEG), which has, for 32 years, gathered researchers from around the world for an annual conference hosted at major Midwest universities or Federal Reserve Banks.

Money Flow in a Dynamic Economy critiques the Federal Reserve’s reliance on its cost-of-borrowing tool, highlighting its inefficiency in curbing inflation quickly. Instead, Marsh proposes a novel approach: a return-on-savings tool that offers a high return on savings (e.g., 10%) when excessive money chases too few goods. Unlike traditional methods, this tool directly draws money out of the real economy, fostering savings and creating an automatic stabilizer for the broader economy.

Readers will gain insights into how automation and globalization have increasingly funneled wealth away from middle-class workers on Main Street toward wealthy investors on Wall Street. Hard work may pay off, but it disproportionately benefits shareholders under the current "maximization of shareholder value" mandate. This system prioritizes stock buybacks for passive, short-term investors over rewarding hardworking employees or supporting innovative entrepreneurs.

To learn more about Lawrence C. Marsh, his research, and Money Flow in a Dynamic Economy, visit https://optimal-money-flow.website/ and https://sites.nd.edu/lawrence-c-marsh/home/.