Nature and Purpose of Economies and Money – Draft

A conception grounded in systems ideas and observations, and supportive of people and other living things.

The study of economies needs to be fundamentally reworked. The dominant approach has been in a pre-scientific state, akin to medicine before Pasteur. It has not even been in a state comparable to Ptolemaic astronomy, which did make usefully quantified predictions of planetary positions in the sky.

It is a matter of survival that we better understand the present and other possible economic systems, and that we find systems that will nurture human and other life. Fortunately, healthy alternatives are available.

In this book a conception is sketched out that can accommodate not only economic phenomena but the social and natural processes with which they are inextricably entwined.

The presentation is suitable for students of all kinds and ages. It uses plain English and minimal equations and graphs. It offers a systematic but brief  (200 pp) introduction to the main ideas and their many implications.

To request a pdf of the draft MS (3.6 Mb), go here.

Chapter 12, The Real Modern Monetary System, can be requested on its own.