Rule of Money: An Introduction to Market Economics

ISBN-13: 9781466385498 / Angielski / Miękka / 2013 / 414 str.

Rand McGreal

Opis

In Rule of Money simple commonsense financial concepts build floor by floor to culminate in a new structure of Economics. The foundation of this economic skyscraper is the simple Rule of Money; it must be earned. From this strong foundation simple obvious conclusions about the actions of the private sector and the public sector are derived and stated in easily understood rules. From these rules a new framework is established for Economics and the operation of government. Rand McGreal begins Rule of Money by tracing the history of banking to establish the root of his new economic theory. Every hundred years or so, a revolutionary idea is introduced in Economics. Rand McGreal in this book introduces several. He redefines money and the result is a method that allows most countries of the world a path out of debt. Rand explains how competition and profit ensure economic success. Next, Supply and Demand Theory is discredited and replaced with his own Market Theory based on the choices of consumers. The book culminates in Rand explaining that the U. S. economy is better managed in the hands of the business sector than in the grip of government. In the final chapters he sketches out a plan to eliminate unemployment, reduce the national debt to zero and debunks the Fed's fear of inflation. The result is a new monetary edifice that allows education, healthcare, retirement and childcare to be provided to all citizens at no cost to them or the government. These are not modest ideas, but if right, they solve much of the debt problem of the world. All of this is achieved by building upon the original foundations of banking, money and the private sector. The new economic edifice Rand proposes includes a new funding strategy for education, retirement and healthcare. Discover the future. Follow the author along a path that leads to solutions for our national debt, unemployment, inflation and job creation. Rand relies on his business experience to target the goals of a properly functioning economy. He explains how a focus on wealth and employment creation will invigorate the system. Through examples and careful analysis of academic assumptions about the economy he overturns many of the traditional economic foundations. The use of Supply and Demand Theory to explain the functioning of the marketplace is shown to be a particular case, and not suitable as the foundation of Economics. Rand shows that the 18th century idea that Economics developed to solve the Scarcity problem is historically inaccurate. Rand replaces these mainstream theories with his own theory based on the purchase negotiations of Buyers and Sellers called N Theory. N Theory that takes its cue from the purchase Negotiation between Buyers and Sellers is a system of consumer choice. N Theory is just one of the elements inside the new economic system proposed called Market Economics. You can take a breath, but Rand doesn't. He is on a mission to reengineer our economy. If he is right, the world's economy is going to take off. He proposes many counter-intuitive ideas, but after reading his explanation you will be convinced we should try some of his solutions. Is the idea of free education through graduate school intriguing? Do you want to know how to eliminate the Internal Revenue Service? Do you want to know how government can rebuild your house after a hurricane at no cost to you? Do you want to know how to eliminate unemployment? All of these topics are discussed and appealing solutions proposed. The book is written in a conversational style like the Economics books of Thomas Sowell, Tim Harford and Dan Ariely. The author uses charts and photos to make his points. The book includes a full index. The book completely describes a revolutionary economic theory that challenges the existing theories of Economics and offers an original perspective on how the economy could be managed based on a completely new approach.

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