Bloomsbury Academic The Economic Process: An Instantaneous Non-Newtonian Picture

Product Description The more hoarding, the less investment. The more hoarding, the more inflation. The more hoarding, the more poverty. Carmine Gorga Review Describes the economic process, restructures contemporary economic theory using the tools of logic, and presents a new structure called Concordian economics.-- "Journal of Economic Literature" I must apologize for my original skepticism regarding your claims. You have indeed written a major treatise -- an important work of original scholarship, prepared with great care and presented with eloquence and wit.--Alan Reynolds, senior fellow, Cato Institute This book will be extremely difficult to follow for a 'modern' mainstream economist.... [With] writing style similar to.... Veblen, Schumpeter, Keynes, and von Hayek.... the reader [has] to think carefully about the fundamental nature of capitalism as a complex system.... Gorga's (G) concern is to identify.... the major problem that has impacted all types of economies over the last 4,000 years.... it is impossible to eliminate all uncertainty which means that hoarding will be a problem. However, once identified, its negative impact can be reduced to a minimum. Keynes states this.... but does not emphasize it.... Gorga's reinterpretation of the Y model allows him to reach Keynes's conclusion... [and to]integrat[e] it into a complex systems analysis...--Michael E. Brady, Ph.D., lecturer at California State University, Dominguez Hills ...has the answers to universal poverty and the anxieties of the affluent.--Vincent Ferrini, former Gloucester poet laureate Dr. Gorga's.... might be called an Austrian theory of inflation.... emphasize(s) distortion of the structure of production.... inflationary effects on accumulation of the various stocks (hoarded goods, production goods, consumer goods).--M.L. Burstein, (late) professor of economics, York University You are certainly striking out boldly in new directions...--William J. Baumol, professor emeritus of economics, NYU and Princeton About the Author Carmine Gorga, Ph.D., former Fulbright Scholar, integrates economic theory with logic, mathematics, political science, law, and economic policy and has been assisted in this work by Professor Franco Modigliani, a Nobel laureate in economics at MIT, for twenty-seven years.