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The Natural Economy John Young

The Natural Economy von John Young

The Natural Economy John Young


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Zusammenfassung

Shows an alternative exists to the present economic policies of high taxation and borrowing to ease the personal hardships caused by unemployment and retirement. The main obstacles to reform are ignorance of an alternative economic strategy and the reluctance of economists to admit their error.

The Natural Economy Zusammenfassung

The Natural Economy: Study of a Marvellous Order in Human Affairs John Young

This volume argues that the West may have emerged victorious in the conflict of ideologies, but no nation can be considered truly wealthy if a significant proportion of its citizens are forced into unemployment or early retirement. Apart from the personal hardship and indignity caused, unemployment and early retirement create a huge funding problem for the state which has to resort to high taxation and borrowing to fund this in a humane society. This high level of taxation and borrowing in turn depresses economic activity and wellbeing. The main obstacles to reform are ignorance of an alternative economic strategy and the reluctance of economists to admit their error, though the latter is changing. John Young focuses on today's conundrum: why is it that with modern technology, which can produce in a day - or even hours - what had taken weeks or months before, there is still grinding poverty, and, paradoxically, the greatest poverty is often found side by side with the greatest wealth in the world's major cities. A growing number of economists are admitting that conventional economics cannot solve the problem of poverty and unemployment. This book offers a way forward that would also take into consideration environmental concerns. John Young is the author of Reasoning Things Out

Inhaltsverzeichnis

Part 1 The principal agent - the free person: a being of intellect and will; a member of a species; the person and society. Part 2 The common good: meaning of the common good; economic common good. Part 3 Economic freedom: aids to freedom; the great obstacle to freedom; competition true and spurious; the principle of subsidiarity. Part 4 Objections to competition: a reminder - the meaning of competition. Part 5 The function of prices: learning from the pencil; the price mechanism at work; self-interest and the invisible hand. Part 6 Wealth and services: defining wealth; the meaning of services. Part 7 The science of economics: defining economics; economics as a science; economics as ethics; the nobility of economic science. Part 8 Labour and wages: work, wealth and toil; the payment of wages. Part 9 Capital and interest: examination of capital; interest, or the return on capital. Part 10 The importance of land. Part 11 Association and site revenue: association; site revenue. Part 12 The government's natural revenue: site revenue belongs to society; advantages compared with taxation; other advantages. Part 13 Objections and replies. Part 14 Comparison of wages, interest and site revenue: the three returns; the question of profit; justice in distribution. Part 15 The meaning of value: the basic concept; two theories; the two sources; Marx's surplus value; value from privilege. Part 16 Money: the great medium of exchange; money as a terminus of exchange; true and spurious money; inflation. Part 17 The place of the government: civil authority; the purpose of government defined; the common good of political society. Part 18 When the government leaves its orbit: the prevalence of statism; the psychology of statism; objections. Part 19 Current economic problems: in conclusion.

Zusätzliche Informationen

GOR004791200
9780856831669
0856831662
The Natural Economy: Study of a Marvellous Order in Human Affairs John Young
Gebraucht - Sehr Gut
Broschiert
Shepheard-Walwyn (Publishers) Ltd
1999-01-01
160
N/A
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