Concordian economics Archives

Four Economic Rights And Responsibilities

By Carmine Gorga July 16, 2023macroeconomicsNo Comments

Tools to Make the Corporation – and Governments – Serve the Needs of Human Beings

This paper identifies four economic rights and corresponding economic responsibilities in accordance with the needs of the factors of production: land, labor, and capital distinguished between physical and financial capital. Economic rights are the creators of property rights and find their justification in corresponding economic responsibilities. The implementation of these four rights and responsibilities is ideally suited to make the corporation serve the interests of human beings. A brief discussion of the role of governments in achieving this goal is also presented.

Money, Banking, and the Economic Process

By Carmine Gorga May 13, 2023macroeconomicsNo Comments

Surely, there is a reason why, in writing the General Theory, Keynes was in search of “a theory of output as a whole.”¹ Without it, one cannot understand money, banking, and the economic process.

Deep Social and Economic Wounds

By Carmine Gorga April 30, 2023economicsNo Comments

I have written of some deep, hidden wounds in the country quite a few times in recent years. The importance of the topic calls for a revisit. The occasion is especially propitious because I have lately approached the topic from the point of view of public service.

Measuring Economic Bubbles

By Carmine Gorga January 22, 2023economicsNo Comments

In Concordian economics, an economic bubble is defined as a separation of monetary wealth from real wealth. A bubble can be measured both geometrically and mathematically. Measures can be taken for the abatement of its negative effects.

An Overall View of Concordian Economics

By Carmine Gorga October 3, 2022economicsNo Comments

“We cannot solve our problems with the same thinking we used when we created them.”
—Albert Einstein

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” — Buckminster Fuller

“Where there is no vision, the people perish.”
— Proverbs 29:18

Concordian economics discloses the dynamic nature of economic systems.

Reconciling Keynes and Hayek Through Concordian Economics

By Carmine Gorga August 21, 2022economics3 Comments

Both Keynes’ and Hayek’s shared the belief that there existed a need to revisit the economic discourse that began in the thirties and involved their respective analyses of growth and the business cycle. This paper looks at these topics and discovers some of the deep methodological, cultural, substantive, and ideological roots of the chasm that existed between Keynes and Hayek. The reasons for the chasm are understood with the aid of Concordian economics, a framework of analysis through which prism both Keynesian and Austrian economists might finally have a serious conversation with one another.

From Subsidiarity to Solidarity and Sustainability

By Carmine Gorga June 30, 2022economicsNo Comments

In a previous post we saw how Concordian economics offers a paradigm through which we can, not only talk of the importance of the Principle of Subsidiarity, but even automatically implement the important recommendations advocated by this principle.

Here we will see how Concordian economics automatically implements the content of two more principles that are an important outgrowth of Subsidiarity: Solidarity and Sustainability.

An Automatic Application of the Principle of Subsidiarity

By Carmine Gorga May 15, 2022economicsNo Comments

There is much wisdom in the Principle of Subsidiarity. See, e.g., Thomas C. Behr, Social Justice and Subsidiarity. This is a key principle of the social doctrine of the Catholic Church. Concordian economics offers the opportunity for an automatic application of this principle.

How To Stop Inflation Cold

By Carmine Gorga March 24, 2022macroeconomics2 Comments

Over the years, I have written in many venues about the extreme importance of four economic rights and responsibilities and their transformation into four Concordian economic policies. My writings on this topic have consistently received the most readers, all over the world.

To my unending surprise, spurred by our immediate needs I have recently discovered
another major—major—ability of Concordian economics. Here it is: With the tools offered by
Concordian economics, we can stop inflation cold.

Let us see how.

To Unify Our Country – The Splendor of Interdependence

By Carmine Gorga March 21, 2022economicsNo Comments

“A house divided against itself cannot stand.” It will collapse.

It is no longer a question of words. We have reached the point at which, as Lewis Carroll recognized so long ago, we have become the Masters of Words. Words have the meaning we give them.

Take just the words “terrorist” and “patriot.” Apply them to the fact of the assault on the Capital on January 6 of last year. You will see that there is a precise reversal of meaning when used by the right or by the left of our political spectrum.

Worse. Each group has developed a detailed ideology to justify its positions; and each group maintains, with greater or lesser justification, that it is contemplating the truth.

Words can no longer unify our country.