Tag Archives: economy

Conclusion

It has not been the aim of these posts to provide detailed remedies for every current problem in or related to economics.

It has only been my purpose to outline a more practical and realistic relationship between the human economy and the world we live in, one which favours life over death, progress and enhancement over degeneration.  ... Read more

Limits to Growth?

Current economics assumes a world of unlimited resources, unlimited wealth. No matter how rapidly a resource is used, either (i) “They” will always find more, or (ii) substitute resources will always be found to serve to any required extent as well or better in place of the depleted resource.  ... Read more

Hard Work – Virtue or Vice?

People working overtime for extra pay, or purchasing more goods more often, or performing any act that increases their rates of consumption, may justify themselves or be justified by governments or the media with the argument (consistent with current economic thinking) that by doing so they are boosting the economy, creating wealth, giving employment to people.  ... Read more

Coping with Aging Populations

An answer must be found to the problems of aging populations in more perfluent countries.

It has been suggested that efforts should be made to achieve and sustain a higher birthrate in the more perfluent countries, to lower the median age and create more taxable workers and more throughput to support ever rising pension demands.  ... Read more

Digression: Thrift versus Spendthrift

Merely transferring money into the wages channel, increasing the spending power of consumers without forcing them to borrow, is of course not enough; the spending power must be translated into effective demand, with increased spending and consumption actually taking place – the more the better.  ... Read more

Concepts and Terms – What is ‘wealth’?

The world economy isn’t working as well as it should and could. Some countries that enjoyed for some years near full employment, low interest rates, and a bearable rate of price increases, with fast-rising material living standards, all achieved without anything like current high levels of government and private debt, do so no longer.  ... Read more

Ends and Means

Good Trends, Not Good Conditions

It is not the intention in this blog to establish a perfect world of perfect conditions. Such a thing has been imagined and described by many in the past, but it must always remain an abstract possibility in the indefinite future.  ... Read more

Digression: Work and Jobs

The Mitterand socialist government in France during the 1980’s hoped to create tens of thousands of jobs by cutting working hours. The basic working week was to carry the same pay, therefore each hour worked was to carry more pay. The work not done as a result of the reduction in hours per worker was supposed to require the engagement of extra hands to get it done.  ... 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

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