Farewelling BC4LS, serialising my new book, and launching Ravel
I've just returned home from a very productive six-month sabbatical at the Budapest Centre for Long-Term Sustainability, during which I wrote a new book--Rebuilding Economics from the Top Down (and also two short papers "Money Makes the World Go Round--But Not the Economy?" and "Profit-Maximization in the Real World").
With the OK of the BC4LS, I'll serialise the book here--one chapter per week--starting next week.
These posts will, as usual, be available to all subscribers (and even visitors), but the PDF of the book manuscript will only be available to supporters.
The reason for this departure from my usual practice is that I don't want to undermine sales of the book. I am quite confident that people who are supporting me financially already will also purchase the book when it is available, but I can't be so sure about free subscribers or visitors.
I am also about to launch a Patreon site to pre-market Ravel, the visual data analysis "spreadsheet killer" that Minsky's programmer Russell Standish and I have developed. The Patreon site should be up and running in early March. There will be an early-release and limited-time version available for anyone to test out for free. Subscribers will receive regular updated versions, up to and including the release version, prior to Ravel's commercial release later this year.
Indeed money as debt only does make the world go 'round, but not the economy and not for the individual. Integrating Monetary Gifting as the new paradigm for the creation and distribution of new money into the debt only system will change these flaws and end the monopolistic rule that Finance has wielded over the economy and everyone and every enterprise since the beginning of human civilization.
Utilizing the accounting operation of equal debits and credits summing to zero strategically throughout the entire economic process will not only create the most prosperous and stable economy the world has ever seen it will also enable the kind of fiscal deficits and private investment necessary to fund the mega-projects that will give us the best chance at confronting the climate and energy crises looming up before us.
Let us have a Wisdomics-Gracenomics instead of the theoretical fallacies and ethical void of neo-classical macro. The natural philosophical concept of grace is the most pregnant, integrative, unitary, dynamic and ethical concept mankind has ever conceived and experienced, and relative to economics and the money system, its aspect of Gifting will enable the beneficial problem solving temporal universe effects we need at this moment.