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2024 | Buch

Opening Our Minds to Concordian Economics Kapitel lesen Erstes Kapitel lesen

Concordian Economics, Vol. 2

Some Applications

verfasst von: Carmine Gorga

Verlag: Springer Nature Switzerland

Buchreihe : Springer Studies in Alternative Economics

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft"

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Über dieses Buch

This is the second volume of a two-part series on Concordian economics, an innovative paradigm that builds upon the Aristotelian-Aquinian tradition of economic justice. Having introduced Concordian economics in the first volume as a compelling research paradigm that addresses the limitations of mainstream economics, this second installment takes the exploration further by examining its real-world applications in four policy areas.

With a focus on industrial organization, labor markets, monetary, and fiscal policy, the author advocates for a transformative approach to economic rights and responsibilities. By promoting a moral economy, this book offers a substitute to the Pac-Man approach to industrial organization. The book challenges traditional notions by discussing the ownership rights concerning larger corporations and offering visionary solutions, in the steps of Louis O, Kelso, empowering workers and employees to participate in the ownership of robots and artificial intelligence. The Fed has given a nod of approval to the creation of a new Concordian monetary system. Following the advice of eight Nobel Laureates in economics, the proposed fiscal reforms emphasize taxing only the value of land and natural resources, ushering in a society where the use of our natural resources and machines serves the common good, economic freedom thrives, and forced income redistribution becomes obsolete.

This book illustrates a vivid vision of a world founded on universal economic rights and responsibilities, offering fresh perspectives on a more just and sustainable future. It appeals to scholars and students of economics and related fields, as well as anyone interested in a free but just economic system.

Inhaltsverzeichnis

Frontmatter
Chapter 1. Opening Our Minds to Concordian Economics
Abstract
If we mention any topic in economics nowadays, we find a crisis lurking somewhere on its way. Either Concordian economics is capable of solving these crises or it is not worth the paper it is written on. To make the best use of it, we must keep three concerns constantly in mind. The system must minimize Hoarding, minimize Inflation, and it must create as many Jobs as requested by the population. To observe these goals in action, we need a kaleidoscopic view of the economic system: moving our point of view just a little bit, we see a completely different universe, but always an integrated universe. Looking at it another way, if we engage in true dialogue we discover that there is nothing new under the sun. Only the trends have accelerated their pace. It is this acceleration that has brought us to the brink of disaster. Whether we have enough time to avoid the precipice or not, in this volume we will study a number of recommendations on what needs to be done—for the benefit of everyone. The wise Benjamin Franklin knew it all along: “If we do not hang together, we shall surely hang separately.
Carmine Gorga

Intellectual Interdependence

Frontmatter
Chapter 2. Politics and Economics
Abstract
The road to perdition for the United States, the Last, Best Hope of Earth, is paved with the poverty of our current political discourse. The discourse is composed of politics without economics. And when economics is included, the content is meager indeed. We have to reach the stage at which the political discourse is rich with good economics—ideally throughout the world, but let us start with the United States. This chapter is divided into three parts: Section 1 gives a look at what is being done; Section 2 gives a look at the hidden, widening fault line that exists in society today; Section 3 gives a look at what ought to be done. Concordian economics helps.
Carmine Gorga
Chapter 3. The Interdependence of Economic Rights and Responsibilities
Abstract
In order to eliminate any possible doubt that Concordian economics might be a theoretical construction unable to sustain a close encounter with daily reality, we will focus a bit of our attention on a few key aspects of the central components of Concordian economics: economic rights and economic responsibilities. We will observe some of the relations that they establish: 1. Between individual human beings and thus in relation to the opponents of rights; the forces of privilege, 2. Their position in relation to society as a whole, namely how did they evolve over time, and 3. In relation to economic theory as well as the theory of economic justice. Economic rights and economic responsibilities are not dislocated entities, some belonging to individual human beings and some to society, for instance. We shall see that they are both lodged in the same human being. This is the chain established by the responsibilities: my responsibilities establish my rights and make your rights possible; your responsibilities establish your rights and make my rights possible. It is this set of interrelationships that determines their potential to create Social Renewal through Economic Justice for All, as a fundamental aspiration of civilized society. This was the title of the first presentation of the issues. Theoretically, economic rights and responsibilities are born out of this sequence: Concordian economic theory, Concordian economic policy, and Theory of Economic Justice. Hence they are born through the transformation of the millenarian Doctrine of Economic Justice into the Theory of Economic Justice. This transformation, so far, has only been accomplished within the realm of Concordian economics.
Carmine Gorga
Chapter 4. A Peaceful March Toward Concordianism
Abstract
A peaceful march toward Concordianism will accelerate its pace if we go beyond the intellectual strictures of two “defunct economists”: Keynes and Hayek. Preeminent leaders of two schools of thought, although long gone, both still dominate and divide the economic discourse of the world. In a thorough treatment of the many interlocked questions, I have explored the issues at some considerable depth. I found solid barriers that made Keynes and Hayek unable to listen to and talk to each other. Beyond the analysis of those barriers, we shall find what ideally unifies them: the need to accept the presence of the Government and the presence of the Market as both necessary—as complementary positions. Has the time come for respective entrenched opponents to lower their barriers? Concordian economics is poised to resolve the ancient, perennial issue of what is the best form of government. The short answer is the government that governs on the basis of self-imposed (hence democratic) rules of economic justice. In this system, The Government—after much vetting—declares a set of economic rights and responsibilities to be shared by the entire nation and leaves the Market free to execute them. Ideally, the vetting will converge on the creation of the set of economic rights and responsibilities enunciated throughout the work on Concordian economics. Once these issues are settled in Sect. 4.1, we can briefly address in Sect. 4.2 what we are leaving behind: a gentle walk-away from both 1% Capitalism and Marxism. In Sect. 4.3, we take a stride toward Concordianism.
Carmine Gorga

Financial Interdependence

Frontmatter
Chapter 5. King Cash
Abstract
A crude and crass expression of Concordian economics is its aspiration to see more cash in everybody’s pockets. One might expect a unanimous agreement on this basic policy. But no. On the contrary, there is much opposition to it. Strange things we are being told of you these days. We used to call you, Cash, “King Cash” to signify our deep affection for you. No more. Ever since Jefferson deleted the word “property,” the most direct manifestation of which is cash, from the Declaration of Independence, the word “property” has become a “political” word, a word not to be uttered in polite society.
Carmine Gorga
Chapter 6. Whence Money
Abstract
In this chapter, we will attempt to give an answer to a perennial question. Professor Melissa Lane (2016), the director of Princeton’s University Center for Human Values, is right (of course): “Rising levels of economic inequality and social immobility raise a challenge faced continually in antiquity, with fresh force: how, and in what circumstances, if at all, can the rich and the poor be enabled to act as political equals?” Perhaps not even for the first time, this is precisely the thrust of the dialogue between Alcibiades and Pericles reported by Xenophon. Analyzing the essential elements of a long sweep of history, it becomes evident that Concordian economics offers a clear-cut set of answers. This chapter is divided into two parts: The first part offers a broad review of how major thinkers of the past have dealt with “money”; the second part presents a practical and intellectual understanding of money within the context of Concordian economics. Both parts analytically deny any validity to the “fractional reserve” theory of money, the assumption that money is created by bankers on the strength of money saved by depositors.
Carmine Gorga
Chapter 7. Where-To Money
Abstract
These are indeed perilous times. The worst can happen. In this chapter, we shall observe (i) where does money go in a Stock Market Crash, (ii) the state of unpreparedness of the economics profession and how to be ready for the next crash by (iii) “defusing the bomb” and (iv) “mending the Fed.” We shall also examine (v) the rationale for our proposals, and (vi) expected effects of these proposals. The chapter is divided into three parts: Sect. 1 deals with the current state of affairs; Sect. 2 deals with what can the private sector do; Sect. 3 deals with what can a Central Bank do.
Carmine Gorga
Chapter 8. Project Financial Independence
Abstract
Financial Independence for anyone can only be built on the Financial Interdependence of everyone. Let us neglect long-term plans for the system as a whole for a while. Let us concentrate our attention on the most practical thing of all on earth: Cash, Money in our very own pockets. (Even though economists study ONLY the theory of money, they seem to disdain money. On the other hand, many people try to obtain the effects of financial independence through a philosophical understanding of Positive Money; their position will eventually be much strengthened through advocacy of a transformation in the operations of those institutions that create and distribute money). If we do that, we reach some fundamental understanding of some egregious problems that beset our contemporary life: Why is there such a thing as the bane of consumerism? (We shall leave the bane of hedonism well enough alone in this book.) Why is there such a thing as political oscillations between the extreme right and the extreme left? Why are communities disaggregating under our very eyes? No, the forces that catapult such issues forward are not psychological or political forces. They are economic forces.
Carmine Gorga

Physical Interdependence

Frontmatter
Chapter 9. Toward Economic, Ecological, and Human Interdependence
Abstract
Deep problems of ecological insanity are menacing our very existence. To ignore them is more than shortsighted, it is suicidal, hence this chapter. In it we shall emphasize some positive effects that Concordian economics—with economic justice at its core—can have on our ecology. Properly applied, economic justice reveals hidden ecological treasures. Let us give a quick look at them. In Sect. 9.1 we will observe some of the positive ecological effects that will automatically flow from the eventual implementation of Concordian economic policies. In Sect. 9.2 we will reverse our perspective. We will start from some issues that exist in the real world of land, air, and water, and we will see how the resolution of those issues can have a positive outcome if the world calls upon the help that only Concordian economics can offer.
Carmine Gorga
Chapter 10. Two Published and Two Unpublishable (?) Urban Plans
Abstract
In this Chapter we are going to give a fast look at four urban plans: The outline of two such plans has already been published; two more plans offer such a futuristic vision for our cities and towns that their details might not be published in the foreseeable future. The Chapter also introduces a daring plan for the use of marine water to save perhaps two-thirds of the precious fresh water supply. This plan was conceived by my nephew Giovanni Papa.
Carmine Gorga

Human Interdependence

Frontmatter
Chapter 11. Ethics in Concordian Economics
Abstract
Ethics enters the structure of Concordian economics at three crucial stages, not surreptitiously in the background, but explicitly and forcefully. Ethics is a fundamental construct of the theory of distribution of ownership rights and this theory lies at the very core of Concordian economic theory. Next stage: Concordian economic policy is guided by the theory of economic justice. Ethics, finally, enters into Concordian economics in the analysis of daily practices, with emphasis on the play between economic rights and economic responsibilities and focus on the methods of accumulation of capital. Ethics is the conduct that keeps everting in harmonic relationship with everything else.
Carmine Gorga
Chapter 12. Whence Poverty
Abstract
In this Chapter we will examine whether through the lenses of interdependence we can spot a society in which the rich are collaborating with the poor on the creation of the common good. The existence of poverty is undoubtedly a deep social wound. Can it ever be healed?
Carmine Gorga
Chapter 13. Oh, the Bancor
Abstract
In this Chapter we will try to put some content into a word coined by Keynes, Bancor. Not surprisingly, perhaps, we will find in it an extraordinarily rich content. Applied nationally, it will facilitate the application of Concordian Monetary Policy. Applied internationally, it offers us the framework of a new international order, the Bancor International Order (BIO). This is an Order that, if faithfully applied, will grant us not only justice but peace—even peace in Ukraine. Can BIO also create conditions of peace between Israel and Palestine?
Carmine Gorga
Chapter 14. Economics of Justice and Peace in the World
Abstract
The Bancor is an instrument of justice. Peace follows justice, especially economic justice. As its primary function, the Bancor can—ought? must?—be used as an instrument of national and international peace. Let us briefly see how.
Carmine Gorga
Backmatter
Metadaten
Titel
Concordian Economics, Vol. 2
verfasst von
Carmine Gorga
Copyright-Jahr
2024
Electronic ISBN
978-3-031-54642-6
Print ISBN
978-3-031-54641-9
DOI
https://doi.org/10.1007/978-3-031-54642-6

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