ABOUT THIS BOOK
How every economy has the latent financial resources with which to finance the doubling of its GDP in one year at constant price.
An Introduction to Operating Level Economics
In all honesty I formed most of the inferences that became the fundamentals of this book in 1989 just after my first year at the University of Zambia having that year been introduced to economics for the first time. I still remember some of my lecturers at the time were auspicious economists like Professor Ndulo. One of my former tutors at University, Dr. Musokotwane, later went on to become Finance Minister in the previous MMD government, an office that has since been taken over by the auspicious Alexander Chikwanda of the new PF government in Zambia. If, as just a first year student observing economics for the first time, I could almost immediately begin to see what I felt were significant inadequacies in the economic theory back then, I have often wondered how these inadequacies have never been addressed in this subject. In my humble view it is no wonder that poverty, scarcity, unemployment, recessions continue to plague countries around the world today. This book is an attempt to articulate the technical flaws in some of the fundamentals of economic theory and how if they are corrected there is a strong possibility that poverty, scarcity and much of the economic problems governments grapple with today can become a thing of the past.
ISBN: 978-9982-22-076-7
ISBN: 978-9982-22-076-7
Get your own copy of the e-book
now for only US$12.99!
What is this book about anyway?
Chances are, if you are interested in economic development, growth and politics you have taken the time to read the various theories in economics which explain why economies fail, why people remain unemployed and businesses often struggle to break even. There are books like Dead Aid and How the West was Lost by brilliant minds such Dambisa Moya that delve into the political and macro economic perspectives for managing economies. There are also very pragmatic books like Poor Economics that provide strategies on poverty alleviation by Abhijit Banerjee and Esther Duflo.
There are two major approaches to development economics, these are managing the symptoms of economic failure and identifying precisely why economic failure occurs. The objective of my book is to tackle the latter. There will be inummerable strategies for addressing the symptoms of economic failure that will come and go, however, there is only one fundamental reason why economies fail and poverty persists. This book is not about development strategies and bond market issuances, neither is it about politics and corruption which are all based on managing the socio-economic impact of scarcity. It focuses purely on the systemic problems in the operating structure of economics that lead to scarcity, which in turn lead to these problems in the first place. Solve the systemic problem and you may comprehensively cure all of these socio-economic woes.
As a result, by nature, this book will be unlike any book on economics, development, business and finance you have ever read. No other research in this field has identified it may be possible that potentially, every economy in the world may contain the latent financial resources with which to finance the doubling of its GDP in one year at constant price. Whether the inferences that lead to this conclusion of, which the author is convinced, are true or not are upto the reader to decide. The fact remains, that if they are true and relevant the poverty and/or scarcity experienced by both developed and developing countries today can be resolved beyond any levelof economic advancement we thought possible before. It means that poverty will end, nay, it can be obliterated and in a shorter time than was ever considered possible by the sober minded development specialist. The reader does not necessarily have to agree with the ideas in this book and this blog that elaborates on them, but they are essential if new frontiers and ways of thinking are to emerge in development where change is wanted now......not at some indiscernable time in the future.
No comments:
Post a Comment