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").
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.
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.