Comments On Evolutionary Economics. Volume Iv, No. 14. May 12, 2022. Economic Statistics : Misinformation And Miseducation

Language: English

Published by Athena Press, Pasadena, Ca, 2022

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Seller: Arroyo Seco Books, Pasadena, Member IOBA, Pasadena, CA, U.S.A.Arroyo Seco Books, Pasadena, Member IOBA

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The Assumption Of These Papers Is That The Justification For Government Is To Provide For The Common Welfare. Economic Statistics Are The Greatest Source Of Distorted Information About The World Around Us. The Physical Economic Unit Is The Family And Their Household. The Overwhelming Majority Of The World's Population Does Not Work For Large Corporations Or Enterprises, And Lives On Land Not Yet Owned By Large Corporations And Enterprises, And Does Not Want To Sell Their Land Or Tenancy Agreement. However, Economic Statistics Measure Almost Solely The Income, Assets, And Market Prices Of Large Corporations And Enterprises, And Their Trade And Investments- Which Are Not Connected To The Majority Of The World's Population. The Stock And Bonds And Debt Of Corporations And Enterprises Are Owned By A Minority Of People, But Almost All Of These People Have Other Assets And Their Shareholdings Could Decrease By 50-100% Without Significantly Reducing Their Quality Of Life ( Something Which Is Not True Of Their Workers). This Small Minority Are Not People Who Truly Benefit Society- They Are Not People Who Practice Trades Or Operate Their Own Businesses; They Are The Scum That Sits Atop The So-Called Wealth Statistics, But Are Actually Irrelevant To The Daily World Economy Of Most People, Holding Title And Conducting Management, But Only For Their Own Self-Interest. It Is Not That Economic Statistics Don't Measure Anything- It Is That They Don't Measure Anything Meaningful To The Majority Of People. They Are An Invention Of The Most Literate Classes, A Tiny Majority, For The Benefit Of Themselves And Their Heirs, By Providing Justifications Of The Activities Of The Actual Elites. Essential To This Dominance Is The Devaluation Of Land Held By Rural Ethnic Clans, Small Farmers, And The Poor. The Artificially High Valuation Of Assets Held By The Rich, Made Possible By The Focus On Present "Market" Value Rather Than The Full Value Of Present Use, And Future Utility And Productivity With A Longer Time Span, Say, 100 Years. A 100 Year Valuation Of Oil Stocks Makes Them Practically Valueless; Productive And Eminently-Liveable Land Becomes Extremely Valuable. The Concentration On Inflated Present Values Is Of Most Benefit Not Just To The Corporations And Large Institutions And Their Managers, But It Is Critical To The Governments, Which Rely Entirely Upon Taxes. Any True "Value" Of Anything Must Also Include Such Negative Valuations As The Amortized Future Costs Of Maintenance, Amortized Decrease In Value Due To Wear And Decay And Obsolescence, And, In Particular, The Costs Of Unintentional Damage Too Others, Accumulations Of Waste And Trash, Pollution, And Other Adverse Effects On Society And The Environment. These Potential Costs Include Mitigation, Amelioration, Replacement, Etc. Which Almost Always Far Exceeds The Market Value Of Commercially Developed Property- That Is- Most Human Commercial Development Has An Immense Negative Value Which Is Never Computed Out Of Convenience To The Persons Who Develop, Manufacture, And Invest, And Their Recipients Of Taxes In Local, State And National Governments. Local Development By Individuals, Done With Their Own Financial Resources And Not Borrowed, Rarely Has Significant Future Negative Costs.…

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Bibliographic details

Title
Comments On Evolutionary Economics. Volume Iv, No. 14. May 12, 2022. Economic Statistics : Misinformation And Miseducation
Author
Clauser, Stephen Michael
Publisher
Athena Press, Pasadena, Ca
Publication year
2022
Condition
Fine
Binding
Hardcover
Language
English
Edition
1st Edition
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Arroyo Seco Books, Pasadena, Member IOBA

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Arroyo Seco Books, Pasadena, Member IOBA

CA, U.S.A.

Arroyo Seco Books, on-line and by appointment since 1998, lists 20,000 books in all fields, especially science, art, philosophy, social science, literature, and science fiction, and also art, primarily antiquarian and modern prints. We purchase private libraries. Member of IOBA. Open by appointment in Pasadena, California, USA. Contact: Stephen Clauser, email arroyosecobooks@earthlink.net, telephone 626-372-3863.