This small book is about the slow recovery from the recent
recession. In its Part I it addresses the Tea Party and other
economic conservatives and sets forth thirty statements they don't
want to believe, but must come to believe if they are ever to stop
blocking private and government investment spending that will speed
our economic recovery. But economic conservatives are not alone in
their need to make changes. Economic theory needs to recognize more
expansively and more rigorously that getting things done in an
economy and especially in a sick economy requires a combination of
free markets and economic organization, not free-markets alone.
Part II of this book essentially provides the basic postulates of a
theory of economic organization. Core principles of economic
organizations are: that they exist to economize on the
communications costs of markets; that above all truth and open
information (transparency) are essential to the communication that
supports economic cooperation; that economic organizations exist to
serve individuals, not the other way around. This book joins the
many other publications that have found Wall Street and all the
other major financial markets wanting in respect to both first
principles. The third part of this book sets forth specific
examples of the changes needed in three major parts of current
mainstream economics: Microeconomics; Macroeconomics; and
International Economics.
General
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