Comments On Evolutionary Economics. Vol. Ii, No. 3. November 6, 2019 The Management Of Inflation
Language: English
Published by Athena Press, Pasadena, 2019
- First Edition
- Signed
- Used
Seller: Arroyo Seco Books, Pasadena, Member IOBA, Pasadena, CA, U.S.A.Arroyo Seco Books, Pasadena, Member IOBA
AbeBooks seller since August 25, 1999
Association member: IOBA
Condition: Used - Fine
£ 38.79
Quantity: 1 available
Add to basketItem description from seller
The Assumption Of These Papers Is That The Justification For Government Is To Provide For The Common Welfare. Economics Traditionally Treats Inflation As A Necessary Condition For Economic Growth, Particularly When Population Is Increasing. However, As The Economy Is Managed In Its Entirety By The Power Elite, It Is Reasonable To Question The Entire Framework In Which They Describe The Issue, In Particular To See When Mild Inflation- The Favorite Policy Of The Elites- Is Not In The Common Interest. Inflation Has Countless Effects, But The Most Important One For The Economy Is That It Makes It Ever More Necessary For Governments To Justify The Rise Prices By Protecting Markets, Limiting Competition, Letting Private Interests Take Advantage Of Scarcity, Allow Private Advantage Through Influence On Government Policy, Etc.- Altogether, The Worst Aspects Of Competition. When Prices Are Low And Going Lower, It Is Not In The Interests Of The Investors Of Capital To Waste Their Speculative Investment Opportunities On Scheming Businesses That Can No Longer Take Advantage Of Exaggerated Competition To Increase Their Profitability. Good Businesses Still Survive, By Making Small Profits And Ensuring Future Profits By Continually Improving Their Products And Productivity And Accumulating More Owned Captal. For Example, In The Great Japanese Deflation, We Did Not See Honda, Toyota, Sony Etc. Collapse, Because They Focused On Making Better Products More Efficiently. In The American Inflation In The Past Few Decades, Auto And Consumer Electronics Manufacturers Did Not Do Well If They Attempted To Meet The Simultaneous Demands Of Investors And Labor Which Both Require Ever Higher Returns Regardless Of Fundamentals; The Great Tech Industry Leaders Rarely Paid Dividends, For Example. If Things Become Cheaper, Then People Can Afford To Buy More New Things ( We Can Usually Assume That Newer Things Are Better And Almost Everything "Old" Or Used" Is Destined For The Scrap Pile In The Near Future). If Investors In Real Property, Which Is Not Junkable, Lose Money Because Of Declining Prices, The General Population Can Rejoice, As Property Becomes More Available; This Is For The General Welfare, And An Investor Who Owns More Than He Or She Personally Uses, Prevents Someone Else From Using That Property At Lower Cost And Thus Often Prevents The Latter From Providing Goods Or Services At Lower Cost. Investors Do Not Realize That They Hold Money, Which Has Purchasing Power But No Particular Intrinsic Time Value Such That The Value Of Money They Eventually Receive Will Increase Over Time; Their Money Will Constantly Decrease In Value; Rather, It Is The Amount Of Change Effected By That Money Which Is Of Particular Value To Other People; One Investment May Make More In Months Than A Similar Investment Over Decades; Most Of The Individuals Who Make Great Returns (Compared To Personally Owned Investment Property) From The Duration Of Investment Of Money Are The People And Institutions That Manage Those Investments With Other People's Money. Likewise, Labor Does Not Realize That Labor Is Of Ever Decreasing Value; Labor Thinks Their Time Is Valuable, But Actually It Is Not The Time They Expend In Labor That Is Valuable But Rather The Value To Others Of The Change Those Hands Can Effect; One Person's Minute Of Labor Can Be "Worth" More Than Another Person's Entire Life Of Labor. Attempting To Hide These Realities Through Managed Inflation Is Not Just A Crime Against The Body Politic, But An Activity That Is Economically Nonsensical By Any Measure Except Those Of The Political And Plutocratic Elite Who Can Make More Profitable (In The Short Term) Use Of Borrowed Money Than The Actual Owners Of That Money In An Inflationary Environment. In A Deflationary Environment The Elites Have No Natural Competitive Advantage, But Workers Who Produce Goods Do- The Value Of Their Labor Increases Faster Than The Increase In Value F Goods.…
Seller Inventory # 043077
Bibliographic details
- Title
- Comments On Evolutionary Economics. Vol. Ii, No. 3. November 6, 2019 The Management Of Inflation
- Author
- Clauser, Stephen Michael
- Publisher
- Athena Press, Pasadena
- Publication year
- 2019
- Condition
- Fine
- Signed
- Signed by Author(s)
- Binding
- No Binding
- Language
- English
- Edition
- 1st Edition
- Seller catalogs
- Economics and Business, Government, Politics, Law, Punishment, & Human Rights, or Lack Thereof, Philosophy and Thoughtfulness
Arroyo Seco Books, Pasadena, Member IOBA
Pasadena, CA, U.S.A.
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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.
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