Real Solutions to World Economic Development

Will be on sale by the first week of Dec, 2015.

Will be on sale by the first week of Dec, 2015.

Book Title: The Four Pillars of Development: Money, Taxes, Trade, and Governance

Subtitle: How to Grow the West and Develop the Rest

ISBN: 978-1-935903-13-0


The main premise of the book is that four specific technologies—especially the monetary one–were responsible for the development of the ‘West’. It presents new versions of these same technologies—based on a new understanding of Political Economy–which have the potential to develop the ‘Rest’, as well as to rekindle growth in the West itself. It includes a survey of most of the countries in the world, ranking their states of development and analyzing their correlations to a set of over twenty economic (or developmental) indicators. The extended Introduction presents a fresh view of the history of civilization, highlighting the technological milestones that created the Neolithic Revolution (the discovery of agriculture, c. -10,000), the Commercial Revolution (the invention of the coin, c. -600), and the Industrial Revolution (the invention of credit-money, 1653). The rebirth of Political Economy (Poliemy, or Poliemics), proclaimed by this book, might just represent the next technological milestone. The book’s last chapter is a ‘plan’ to ‘develop’ a ‘generic’ country.

This book would give policymakers, in every country in the world, the technologies they so badly need to help their people ‘to take hold of your lives’; to live their lives free of the confusions that now cloud their minds, and to build a new future in peace and prosperity for all.

The set of four new key technologies has the potential to solve the developmental problem of the world, and to eliminate the root causes of poverty and unemployment everywhere:

New Findings and Proposals:

  1. The primary cause of the British Industrial Revolution (The invention of Credit-Money, By William Potter, 1653)
  2. The rediscovery of the first ever plan for economic development (Bishop Berkeley, 1734)
  3. A sampling of new key technologies for development (J.H.M., 2015):
  1. A new view of the monetary flow;
  2. The Law of Conservation of Money;
  3. Re-defining wealth as money (or ‘purchasing power’);
  4. Re-statement of Keynes’s postulate on the relation between Incomes and Savings;
  5. The Universal Full Reserve (Inspired by Frederick Soddy, 1926);
  6. The creation and control by the Central Bank (CB) of two parallel monetary flows: one private, and the other public;
  7. The power of the CB to hold the entire national debt;
  8. The power of the CB to lend directly to government;
  9. The Fully Progressive Taxation—Marginal tax rates on the very rich may reach 100% if needed;
  10. Middle-class tax-rate levels may be substantially reduced—even retirement taxes;
  11. The Forever Balanced Fiscal Budget;
  12. The Country Specific Tariff, to maintain a fully balanced foreign account;
  13. The global money full reserve (CB would have the sole power to lend global money);
  14. The Dispersed Power Democracy (Based on multi-winner elections—The Swiss Model);

Trim: Hardcover w. dust-jacket, 6.14 x 9.21in, 564+ pages

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