The Idea of Proportionate Flows Applied to Wages: the Great Depression

The Great Depression of the 1930’s has been very thoroughly gone over in the literature and there would be no need to mention it here except that it is necessary to describe it in terms of the concepts presented in these posts and to link it with the present day.  ... Read more

More Dollars for Conservation?

So, environmental conservation must be the primary goal, and economic well-being depends on it – not the other way round.

That last phrase refers to the spurious argument that economic “progress” as currently understood, i.e., increasing throughput of wealth, provides money which can be spent on conserving the environment.  ... Read more

Global Warming – A Red Herring?

The Australian Government has recently announced revised, reduced targets for the reduction of greenhouse gas emissions. There has been some objection to this but it should not really be surprising.

Governments around the world have shown that they just don’t get it.  ... Read more

Foreword

When dealing with economics, we are confronted by a large array of interdependent static and dynamic variables. A change in one effects changes in all, which in turn affect the variable first changed, through its interdependence with the rest.

Cybernetics is perhaps most appropriate for the treatment of economic matters.  ... Read more

Religion is anti-life – we need to move on from it

We have to escape from the paradox of being alive, but death-loving; and embrace the paradox of loving life while understanding that we all must die.

Evolution Not Revolution

Achieving a sustainable world economy would be nothing less than a great step in human evolution, comparable with the mastery of fire or the development of settled agriculture as opposed to hunting and gathering. It concerns the whole world and needs to be tackled on a world, not just a national, basis.  ... Read more

Environment versus Economic Progress

The fierce conflicts between conservationists on one side and workers, industrialists, and some politicians on the other arise from a misconception.

Both parties in fact desire the same goal – economic well-being. But the latter and many of the former believe that environmental conservation and economic progress are conflicting aims, between which a balance or compromise must be found.  ... Read more

Another review of 1988 Edition of ‘Economics for a Round Earth’.

By Diana Massam, Secretary, Environmental Communicators’ Orgnanisation (UK)
In ‘Economics for a Round Earth’, Charles Pierce challenges previously accepted economic ideals and methods of management, as fundamentally flawed and outdated. He proposes drastic changes, but stresses that these can only be achieved as a series of progressive trends.  ... Read more

Digression: Caution about “Increases” and “Decreases”

These increases or decreases, it must be emphasised, would be not necessarily absolute, but relative to what real wages would have been, depending on other variables, if the money wage change had not taken place. It is necessary to be reminded constantly that we are dealing with an array of interdependent dynamic variables.  ... Read more

The Derivatives of Wealth

The terms derivative and differential are used here in their mathematical sense, denoting rates of change.

Gross national product and living standard are treated as measures of quantity of wealth. In fact, they are not the quantity but its first derivative or first differential, the rate of wealth-throughput.  ... Read more

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