The Economic Process

Author: Carmine Gorga
Publisher: Rowman & Littlefield
ISBN: 076184953X
Size: 11.69 MB
Format: PDF, Kindle
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The Economic Process. This book transports the reader from the world of mainstream economics, in which the object of observation is The Market (exchange), to a world in which the object of observation is the economic process. Both producer and consumer must, respectively, be legitimate owners of real wealth and monetary wealth.

To My Polis With Love

Author: Carmine Gorga
Publisher: Createspace Independent Pub
ISBN: 9781438288024
Size: 48.30 MB
Format: PDF, ePub
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To My Polis With Love. The first set of essays deal with the revitalization of the city of Gloucester and maintaining the fishing industry in that city.Gorga's most up to date exposition of this problem takes place on p.60.The title of the article is " Three Integrated Ideas for Gloucester's Resurgence ".Gorga discusses the necessity of enlarging the tax base of the community by implementing 3 projects that all have positive, interactive, feedback effects that reinforce the positive impacts of the others considered individually in isolation.The second set of essays were first published on the Internet.An interesting essay from this part of the book is Gorga's "Bottom -Up Monetary Policy ".Here Gorga emphasizes the fact that money can be created either as a debt or an asset.It is immensely important because the current mode of finance allows the commercial banks to create money as a debt.There is a double or triple whammy here for the rest of society after the initial creation of money because the banks prefer to lend to speculators to create financial wealth[like CDO's (collateralized debt obligations)or credit default swaps(a type of derivative) which Warren Buffett correctly characterized as the equivalent of weapons of mass destruction] and not lend to those who create real wealth( businesses that create goods and services). Part III essays cover the fundamental problem of hoarding.Hoarding behavior has negative consequences for the community or economy as a whole.The best way to describe hoarding behavior is to concentrate on the holding or loaning of money,not to purchase present or future consumption or investment goods,but to make money by leveraging one's hoard in order to make even more money.This process can be repeated indefinitely over time.The inevitable result is to create a bubble.Unfortunately,all such bubbles deflate ,causing panics and crashes.The result is economic recession or depression.Gorga is the preeminent authority on hoarding and its negative impacts. Part III essays cover the fundamental problem of hoarding.Hoarding behavior has negative consequences for the community or economy as a whole.The best way to describe hoarding behavior is to concentrate on the holding or loaning of money,not to purchase present or future consumption or investment goods,but to make money by leveraging one's hoard in order to make even more money.This process can be repeated indefinitely over time.The inevitable result is to create a bubble.Unfortunately,all such bubbles deflate ,causing panics and crashes.The result is economic recession or depression.Gorga is the preeminent authority on hoarding and its negative impacts.

An Evolutionary Theory Of Economic Change

Author: Richard R. Nelson
Publisher: Harvard University Press
ISBN: 9780674041431
Size: 30.47 MB
Format: PDF, ePub
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An Evolutionary Theory Of Economic Change. This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Practical Problems In Vlsi Physical Design Automation

Author: Sung Kyu Lim
Publisher: Springer Science & Business Media
ISBN: 1402066279
Size: 52.95 MB
Format: PDF, ePub
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Practical Problems In Vlsi Physical Design Automation. Practical Problems in VLSI Physical Design Automation contains problems and solutions related to various well-known algorithms used in VLSI physical design automation. Dr. Lim believes that the best way to learn new algorithms is to walk through a small example by hand. This knowledge will greatly help understand, analyze, and improve some of the well-known algorithms. The author has designed and taught a graduate-level course on physical CAD for VLSI at Georgia Tech. Over the years he has written his homework with such a focus and has maintained typeset version of the solutions.