The Economic Process

Author: Carmine Gorga
Publisher: Rowman & Littlefield
ISBN: 076184953X
Size: 66.61 MB
Format: PDF, ePub, Docs
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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: 49.25 MB
Format: PDF
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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.

Intangibles In The Big Picture

Author: Gary Zatzman
Publisher: Nova Science Pub Incorporated
ISBN:
Size: 49.60 MB
Format: PDF, Mobi
View: 318

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Intangibles In The Big Picture. The so-called "TINA syndrome" provides the fundament, the actual rock, on which the political, economic, military and other elites and establishments of the Anglo-American world and European bloc have built their church. Inscribed over its entrance stands the motto: "there is no god but monopoly and maximum is his profit". On this basis, continuous attacks on the very concept of intangibles are launched, most prominently against time-consciousness. Especially singled out is time-consciousness based on appreciating and/or priorising the long term over the short term, as well as placing the interests of the social collective over the interests of any individual member of the collective. In this book, it is argued that Humanity has been on the wrong track since Sir Isaac Newton published his Principia Mathematica at the end of the 17th century, and that the scientific research enterprise developed since then has taken the world on a merry chase to nowhere. Without exception, the assaults on time-consciousness, and on cognition of what happens in and through the passage of time, take the form of a denial of the principle of Nature as the Mother of all wealth. The denial of this principle has always encountered resistance. Some resist by breaking the attacks down and responding to selected cases. For example, the contributors to the book Underdevelopment and Social Movements in Atlantic Canada (Toronto 1979), following precisely this tact, act according to the principle that "the movement is everything..." This places the struggle of the people for livelihood where it belongs, viz., at the centre of economic theory and practice. However, these writers' version of this approach is silent about long-term or final aims. Their work actually priorises t = "right now" over longer-term views of the role of time in social-historical processes. People's deepest desires to see Justice prevail and Injustice sent packing are generally aroused, positively, by their apparent stand on the side of "labour" against "capital"; a great deal of hope might well be vested in these stands. Has this hope, however, been misplaced? Analysis of these authors' collective work from 1979 (as the Soviet Union began its final slide to oblivion by invading Afghanistan), and its source in theories of "regional underdevelopment" (formulated at the Cold War's height in the late 1950s), suggests this may be the case. Especially disturbing is the outlook underlying that theory, and specifically its extreme pragmatism and welter of contradictions and inconsistencies. These disclose a position entirely at odds with the proclaimed mission to establish the truth of matters under investigation. In order to maintain a position in what they see as the mainstream today, some of these writers have taken matters further, adapting to fit the cut of current discourse in the early 2000s some of the concerns raised in the earlier work. En route, however, they make a major concession to the disinformation of the Canadian fisheries department that "there are too many fishermen chasing too few fish". Disguising the concession as an appeal for "ecological sanity" in the face of a pending environmental crisis of raw material food supplies during a period of still-excessive capitalization in the coastal fishing industry, those putting forward this argument decline to challenge the claims by the government and the largest fish processors that the problem at bottom is a shortage of raw material, a defect in Nature. As, however, the problem is actually one of how Humanity has arranged its affairs when it comes to extremely fundamental matters like food-gathering, this concession, no less than any of the other more direct attacks on time consciousness and on cognition as a source of reliable information, forms part of a far more general and sweeping assault on the very concept of human agency. This assault challenges the fundamental notion that no human social problem is without some human social solution. The fact of the matter is that the essence of human social agency lies on the path of pursuing knowledge. Whosoever would increase knowledge is bound to disturb the status quo, but even so, a person must increase his knowledge of the truth.