The Economic Process

An Instantaneous Non-Newtonian Picture

By (author) Carmine Gorga

Publication date:

03 April 2002

Length of book:

388 pages

Publisher

UPA

ISBN-13: 9780761821564

The Economic Process transforms economic theory from a linear, sequential discipline into a structure in which events happen simultaneously and are strictly interrelated. Author Carmine Gorga describes the process of production of real goods and services, the automatic distribution of ownership rights over these goods and services, and the creation of money as legal representation of those rights, through financial instruments. Making minimal use of mathematics and an in-depth use of ancient tools of logic and epistemology, each module of the economic system is analyzed by itself and is then seen in relation to all the other elements of the economic process. Gorga undercuts the ideological polarization that exists today between the right and the left to provide only one political and sociological view of the economic problem: the problem of poverty.

Part 1 List of Illustrations
Part 2 A Synopsis
Part 3 Acknowledgments
Part 4 Preface
Part 5 The Need to Transform Economic Theory... Into "Simple" and "Obvious" Economics
Part 6 Overall Analysis of Keynes' Model:
Chapter 7 Keynes' Thought as the Apex of Classical Economics; Toward Concordian Economics; Lack of Homogeneity in Keynes' Model; Simplicism- and Forced Doublespeak- of Keynes' Model; Lack of True Equivalence in Keynes' Model; Neither Classical nor Mainstream, but R
Part 8 Analysis of the Component Elements of Keynes' Model:
Chapter 9 The Dissection of Keynes' Model and the Dissolution of the S-I Nexus; The History of the Word "Saving"; Beyond Adam Smith's Conception of Saving; Beyond Keynes' "Definition" of Investment; The Definition of Saving, Hoarding, and Investment; The Real Savin
Part 10 Analysis of the Economic Process:
Chapter 11 The Economic Process as a Whole; Simplistic Descriptions of the Economic Process; The Production Process; The Consumption Process; The Distribution Process; Economic Growth: The Normal Outcome of the Unfolding of the Economic Process; Inflation: The Outco
Part 12 Foundations of Economics:
Chapter 13 Toward Econometrics: Closing the Gap between Macro and Micro Economics
Part 14 Consciousness and Conscience of Economics:
Chapter 15 Poverty and the Economic Process; The Elimination of Absolute Poverty Through the Right to Create All the Wealth One Needs
Part 16 Epilogue: Come to Concord
Part 17 Footnotes
Part 18 Index

Carmine Gorga does put his finger on an economic reality often neglected by economists.