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Solon Synthesis
The money shortage and moral hazards PDF Print E-mail

oba"When goods don't cross borders, armies will.", Frédéric Bastiat
The duality of moral hazard and the shortage of money is, to a large degree, the main factor in all the problems of the economy, crises, and the gap between the institutions of society and of the economy.

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The New Keynesianism: An Outline PDF Print E-mail

GDP PPP Per Capita IMFThe practice of the abuse of power on the part of hedge funds, the self-appointed credit ratings agencies, and the many 'factors' in the market is still observable after their 'bail-out'. At this time, they are playing the casino the expense of the euro in the face of an expected explosion of unemployment in Europe and of a debilitated welfare state, given that their bail-out has derailed public finances.

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Politics, the ecomony, civil society & emergent totalitarianism PDF Print E-mail

peopleanxiThe existence and circulation of political money, and of market money, is shaping a new dynamic in the field of civil society which is pointing us in the direction of new social fields, beyond those of the market. These have always been there throughout history, but it is simply that they are for the first time entering an institutional framework.

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The decline and rebirth of the labour movement (Part Three) PDF Print E-mail
Great_presidential_puzzle2What line of thought determined the incorporation of the labour movement into the system? What attributes define the inadequacy of the representatives of the political system? Is there real vision in the labour movement? Has the time perhaps come for it to play the key role of the mediatory factor with nature, the environment, and the forms of life and their evolution? Will the labour movement succeed in being a movement for change in the system and in human psychology? Will it achieve the fair redistribution of resources, without totalitarianisms and with environmental awareness? Will it dare to speak about the necessity for minimising needs and ensuring a sufficiency of resources for all, thus wiping out poverty?
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The decline and rebirth of the labour movement (Part One) PDF Print E-mail

Nonsym_velocity_time_dilat_commonWhich events in the history of the labour movement, in the past, have determined the present-day way of looking at the world? The labour movement attempted to respond to the economic totalitarianism of capitalism. But what was it that deflected the revolutionary programmes towards totalitarianism and brutality? What is the use of the theories when the results are so far removed from proper human relations? Is it perhaps a demand of the times that spiritual needs should be added to the agenda of the labour movement? Should not the spiritual needs of man be added to the agenda of the labour movement as this is a demand of the times?

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Road map to the exit from economic dogmatism PDF Print E-mail
factory_odikos_xartisThere is a 'road map' to the exit from the authority of economic theories and their impact on individual life of everyone and at international level generally. In this article, we shall see, inter alia, how Keynes - in spite of the hybrid character of his theory – could not avoid the idealisation of his model. We shall also see the distortion of the markets of every type by the politico-military complex and the phenomenon of corruption common to the whole human race, the interrelation between doctrine and climate change, and the totalitarian nature of the major concentrations of money.
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The economic crisis: Changing the rules of the game PDF Print E-mail

worldthegafi_mapThe world economic crisis is unfolding according to the rules of the financial elite which is responsible for the concentration around itself of vast masses of capital and power.  Finding a real way out from the crisis presupposes a search for the political, psychological, and techno-economic causes of the crisis, which are interlinked and definitively affect our life. Unfortunately, there has not been up to the present any comprehensive discussion of this, in spite of the fact that everybody recognises that the causes are complex and interwoven.

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In search of the executioner of the Invisible Hand PDF Print E-mail
invisible_hand_commonMan has built up the concepts of the economic process according to his experience. The sciences of man acknowledge the world of experience and points of crisis in history as a supreme principle and source of knowledge, in contrast with the approaches and pursuits of scholasticism.
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The state in the free economy (Part Four): The purpose of the 'freedom' of the economy PDF Print E-mail

wtc_commonIt must reasonably be asked about this freedom:

(a) Is its aim the free movement of goods for the benefit of all, or chiefly the freedom of profiteering of traders? These are two entirely different things, although they may be coincidentally, but impermanently, concurrent in the second instance.

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The state in the free economy (Part Two): A state for all or a state for a few? PDF Print E-mail

House_of_CommonsFreedom and a System of Values

Freedom is already a value and, moreover, one of the most fundamental. It belongs of its very nature within a system of values, as, in any event, does every value. If it cannot be integrated into this system, then it is not a value, but a lack of value –chaos.

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Trade not aid? (by Justin Frewen) PDF Print E-mail
Global_Poverty (Wikimedia)The current free trade model promoted by the World Trade Organization prevents developing countries from introducing economic reforms suitable to their own poverty-reduction needs.

A ‘one size fits all’ approach will never alleviate inequality and hunger, writes Justin Frewen.Despite pledges on the part of donor countries in 1970 to spend 0.7% of GNP on official development assistance (ODA), this target is still proving elusive 40 years later.

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The unfailing supply factor of true development PDF Print E-mail

development.2When we see the imperfections of civil society,  imperfections which are inescapable, and to say anything else would be a form of utopianism on our part, we are bound to look for a fourth pillar in which the entry points for quality -  the absence of which is causing anthropological and functional collapse - will exist and function. It is quality which is the spiritual element in every sphere.

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The New Keynes PDF Print E-mail

John Maynard KeynesIn embarking on a discussion of the contribution of John Maynard Keynes to the science of economics, it could be said that this was concerned not with revealing with the way in which things work, but with the way in which we can improve them; he cannot, however, be regarded as a radical of the type of Karl Marx.

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The decline and rebirth of the labour movement (Part Two) PDF Print E-mail

marchHow reconcilable are the demands of the stomach and of the spirit? How much has the fact that we have thrown the weight on to one side in the past cost us? What are, in the end, the systemic deficiencies of the labour movement, if we have a look at them outside party political and dogmatic stereotypes? Isn’t it perhaps time for the labour movement to put on its agenda the issue of spiritual security, of freedom from divisiveness, and of liberating sharing? Could it be that the time has come for an Anthropological Economic Enlightenment?

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The hidden deficit of economic theories PDF Print E-mail
2_Kemerovo_krifo-elleimaBoth the theory of 'free markets' and that of Marxism have idealised the aspect on which they have laid emphasis. They have overlooked the fact that, in order to work, their theory must take into account the human psyche in its entirety.
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Economic crisis: Forgetting the environmental crisis PDF Print E-mail
kas-30-90The present worsening of the economic crisis has so much preoccupied people's minds - reasonably enough - that it has literally wiped the problem of the environmental crisis from the field of their concerns. And yet, just as the economic crisis took by surprise the relatively prosperous West, so, but in a much worse way, will the environmental crisis take it by surprise. This is not a disaster scenario, but one which is based on facts. What is still not known is the exact time when the seriousness of environmental events will be subversive not only in this area of life, but in all areas without exception - the economic included.
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The Fallacy of Homo Economicus and the reconstitution of the labour and cultural movement PDF Print E-mail
homo_catanaloticusThe twentieth century brought to prominence the economic field as the field of shift of the anthropological deficit into the dynamic of the economic system and the binding of man to it.

Our individualism as a field of socio-psychological expression of our personality has been invested primarily in the economy. Our personality has been consumed in the theatre of consumption, both by the ostentation of the brand-name of the products acquired and the ostentation of wealth more generally.

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A Global call for sharing and justice PDF Print E-mail

Coins_common.svgProtesters in the Arab world have much in common with those reacting to austerity across Europe, as well as the millions who have mobilised in support of ending poverty in the South. What we may be witnessing is an emerging public voice in favour of a fundamental reordering of global priorities, write Adam Parsons and Rajesh Makwana.

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The state in the free economy (Part Three): The economy as a field of power and authority PDF Print E-mail

Blue-cube_230_commonA. One thing which is not admitted in the various reviews of the state of the economy, or in theories about the economy, is the nature of the operation of the economy (at least at a certain level) as power and authority. Authority is not identified with governance as such, or with its agents –though this is what usually happens with the aid of other factors. We could define authority as the attempt, by means of acts and omissions, to manipulate the consciousness of others, many or few, of facts, and of any other factor with a purpose which is not consonant with the common good, even if the action alone is not in itself opposed to it.

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The state in the free economy (Part One): A state for all or a state for a few? PDF Print E-mail

Ball_mill

The central problem about contemporary approaches to the economy is the freedom of the economy as to the state. Here we must pose two questions of semantics:
(1) What do we mean by the term 'economy'?
(2) What do we mean by the non-involvement of the state?

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Global financial crisis: The Historical Conclusion PDF Print E-mail
2007-2009_World_Financial_Crisis.svgThe fundamental historical conclusion to be drawn from the economy or the evolution of the economic system - as regards people and societies - is that the possessors of the great accumulation of capital recycle the tightness and the cost of the tightness of the system as an accumulation of their capital and pass on this cost to societies and states.
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