Underincome

Underincome

Underincome

Bernard C. Beaudreau / Bernard CBeaudreau

15,95 €
IVA incluido
Disponible
Editorial:
iUniverse
Año de edición:
2007
Materia
Economía monetaria
ISBN:
9780595477401
15,95 €
IVA incluido
Disponible
Añadir a favoritos

Money talks, goods and services don’t. This fundamental distinction is what sets a monetary economy apart from a barter one. As a result, economic growth requires more than capital, labor and energy. Being able to signal one’s willingness to purchase goods and services is also required, a sine qua non of an advanced industrial economy. Formally, the ability to generate wealth, it therefore follows, is no longer a sufficient condition for growth, but instead, one of two necessary conditions, the other being the ability to monetize (real or nominal) output-the ability to give a voice to what would otherwise be a mere potential.Monetarists, notably Milton Friedman and Anna J. Schwartz, have chronicled the history of money in the United States, establishing a direct link between the ability to monetize output as defined by the fractional reserve system in the United States, and the ability to create wealth. Recessions are linked to the failure of the Federal Reserve Board in the United States to provide the necessary liquidity, and vice versa. In short, the business cycle is essentially a money-supply driven phenomenon.This book examines another type of monetary failure, namely the failure on the part of advanced industrial economies to monetize output, a failure rooted in the very nature of the transaction technology (producers and merchants) as opposed to being 'supply related' (e.g. central banks, supply of specie). Specifically, in periods of paradigm technological change, money income fails to increase commensurately with society’s ability to create wealth, resulting in underincome. As there are no private incentives to increase wage income (real or nominal) in response to greater productivity and profits are a residual income form, overall income fails to increase with productive capacity.

Artículos relacionados

  • Le Millionnaire Adolescent
    ANDY PETERS
    Ce livre est fait pour vous si vous aspirez à devenir un adolescent millionnaire, ou si vous l’êtes déjà et souhaitez maintenir votre richesse judicieusement. Vous apprendrez comment atteindre la réussite financière et la liberté dès votre plus jeune âge, et comment utiliser votre richesse et votre influence pour aider les autres, redonner à votre communauté et créer un impact ...
  • De Miljonair Tiener
    ANDY PETERS
    Dit boek is voor jou als je ernaar streeft een miljonair-tiener te worden, of als je dat al bent en je rijkdom verstandig wilt behouden. Je leert hoe je op jonge leeftijd financieel succes en vrijheid kunt bereiken, en hoe je je rijkdom en invloed kunt gebruiken om anderen te helpen, iets terug te geven aan je gemeenschap en een positieve impact in de wereld te creëren.De miljo...
  • Il Milionario Adolescente
    ANDY PETERS
    Questo libro è per te se aspiri a diventare un adolescente milionario, o se lo sei già e vuoi sostenere saggiamente la tua ricchezza. Imparerai come raggiungere il successo finanziario e la libertà in giovane età e come utilizzare la tua ricchezza e influenza per aiutare gli altri, restituire qualcosa alla tua comunità e creare un impatto positivo nel mondo.L’adolescente milion...
  • O Milionario Adolescente
    ANDY PETERS
    Este livro é para você que deseja ser um adolescente milionário ou se já o é e deseja sustentar sua riqueza com sabedoria. Você aprenderá como alcançar o sucesso financeiro e a liberdade ainda jovem e como usar sua riqueza e influência para ajudar os outros, retribuir à sua comunidade e criar um impacto positivo no mundo.The Millionaire Teenager-How to Wisely Sustain Wealth Und...
  • The Billion Dollar Habit
    BRIAN MYLES
    What if you could unlock the secrets of the world’s most successful people and learn how they achieved extraordinary results in every aspect of their lives? What if you could transform your own habits and mindset to emulate theirs and reach your full potential?That’s exactly what Myles reveals in his groundbreaking book, The Billion Dollar Habit. Based on his extensive research...
  • The Principles Governing Wealth & Finance
    MARVEN BILLS
    Many people want to improve their well-being, happiness, and opportunities by managing their wealth and finances effectively. However, this is not an easy task, as it requires knowledge, skills, and discipline. There are some basic guidelines that can help us achieve our financial goals, increase our income, save and invest wisely, and use our resources for good purposes. These...
    Disponible

    32,29 €

Otros libros del autor

  • The Economics of Speed
    Bernard C. Beaudreau / Bernard CBeaudreau
    This is the first book to examine the 'nuts and bolts' of production processes. It proposes a truly consilient approach to modeling production processes - one that goes beyond the vague principles found in standard economics - and provides details that are consistent with the applied mechanics and engineering literature. Providing a credible analysis of some of the most pressin...
    Disponible

    134,42 €

  • The Power Prophets, Electric Unit Drive and Utility-Generated Power as Seen Through the Eyes of Early 20th Century Writers
    Bernard C. Beaudreau / Bernard CBeaudreau
    The Oxford Dictionary defines a prophet as..a person who advocates or speaks in a visionary way about a new cause or theory, a definition which describes to a tee, the set of early 20th century authors whose writings on power are presented here. In short, the early 20th century witnessed a power surge, the likes of which the world had never experienced. As power and/or energy i...
    Disponible

    47,33 €

  • The Roaring Twenties - When the Roar Wasn’t Loud Enough
    Bernard C. Beaudreau / Bernard CBeaudreau
    The decade of the 1920s is colloquially known as the Roaring Twenties, when modernity came to the U.S. and the World, ushering in a decade of unbounded growth and new-found optimism. GDP growth was particularly strong, as was employment and investment. However, as counterintuitive as it may sound or appear, the 1920s were also years of stagnation, stagnation that owed to the f...
    Disponible

    36,91 €

  • The Roaring Twenties - Turning Up the Volume
    Bernard C. Beaudreau / Bernard CBeaudreau
    In this Volume, the various measures taken by successive Administrations to fully utilize the new-found potential are examined critically. These include the Smoot-Hawley Tariff Act of 1930, the National Industrial Recovery Act of 1933 and the National Labor Relations Act of 1935. The readings in this case consist of my own published work on the topic over the course of the past...
    Disponible

    25,79 €

  • Interregional and International Trade
    Bernard C. Beaudreau / Bernard CBeaudreau
    Provides a network approach to understanding trade and trade policy from Antiquity to the present. Argues that trade has occurred, is occurring, and will continue to occur within well-defined, stable networks (e.g. empires, multinational firms, free-trade areas). Is able to rationalize the many puzzles that currrently plague international economics. Results can be generalized t...
    Disponible

    46,98 €

  • ICT
    Bernard C. Beaudreau / Bernard CBeaudreau
    Raises doubt about the validity of the impending 'Third Industrial Revolution' based on information and communications technology. Shows using basic science that information, unlike energy, is not physically productive, raising serious doubts over the ability of ICT to raise the standard of living. ...
    Disponible

    23,57 €