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The Origin of Wealth and Poverty by Jorge H Moromisato, H Jorge Moromisato, J H Moromisato (Hardback, 2007)

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When John Stuart Mill, who wrote the definive book on Classical Ecomics, dealt with the issue of over-production, he made the correct analysis-that 'any difference in opinion on it involves radically different conceptions of Political Ecomy'. Unfortunately, Mill made the wrong choice, and we are all living with that mistake w. This book is about that other conception of ecomics where over-production is t contrary to the basic assumptions of the theory. The book describes, in plain English, how our ecomic activity creates wealth, and how our compulsion to save creates poverty. Those findings and most of the others presented in this book emerge naturally, and logically, from a new set of basic assumptions, which include some from the old ecomics but in modified form. The failure of conventional ecomics to solve the great problems of the world (poverty, unemployment, and underdevelopment) can only be reversed by a more realistic conception of ecomics. For example, current textbooks define Ecomics as 'the management of scarcity'. Then they go on to describe how a society must choose very carefully what to produce in order to be able to produce the greatest amount of goods possible, given the scarce resources available (remember the infamous PPF or production possibility frontier?). From that, it follows that government should use as little of the ecomic resources as possible, and that we should be frugal and thrifty, and save, save, and save, in order to let the capitalists invest and increase our country's wealth. And of course, we must import whatever can be gotten cheaper abroad, so we can relieve somewhat the eternal scarcity of goods we are supposedly condemned to endure. The new theory claims instead that that world of scarcity is a cruel and inhumane fiction perpetrated by a mistaken ideology. In other words, we believe that we live in a world of scarcity only because ecomists also believe that themselves. The reality is the exact opposite: we live in a world of abundance and government has the power and the duty to foster a freer and more equitable and prosperous ecomy everywhere on Earth. The new theory of ecomics is powerfully optimistic in its assertion that poverty and underdevelopment are curable; that fiscal deficits are preposterous; that unemployment is an ecomic aberration; and that competition in international trade is an absurdity perpetuated by the prevailing erroneous capitalistic ideology.

Product Identifiers

Publisher
Rogem Press
ISBN-10
0979268966
ISBN-13
9780979268960
eBay Product ID (ePID)
106214042

Product Key Features

Author
H Jorge Moromisato, J H Moromisato, Jorge H Moromisato
Format
Hardback, Sewn,Cloth over Boards,With Dust Jacket
Language
English
Topic
Economics: Professional & General

Additional Product Features

Content Note
Black & White Illustrations
Date of Publication
07/07/2007
Country of Publication
United States

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The Origin of Wealth and Poverty by Jorge H Moromisato, H Jorge Moromisato, J H Moromisato (Hardback, 2007)

About this product

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Product Identifiers

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Best Selling in Books

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