REAL INCOMES

There are fundamental and specific flaws associated with Keynesianism, monetarism and supply side economics. However, these are compounded by the fact that they all operate within commonly accepted administrative frameworks that undermine effective economic management. These relate to primary assumptions on how we think or what we have been told or taught, as to what motivates people within an economy and how all of this is best administered from the standpoint of government. I set out some of these below... This a typical of the associative logic applied to monetarism and as usual it ignores the mechanisms and consequences of our absolute failure to compete on the world stage in the production of goods. This undermines our ability to address the COLIC (Cost of Living Crisis) or to level up... Today, with Britain having the second worse balance of payments (BoP) for goods in the world, it is worth reviewing the significance of this fact in relation to our ability to address COLIC and..

Primary location: United Kingdom