In Search of Reliable Signposts
The Economic Efficiency of Morality
PART I: THE DIALECTIC PATH OF ECONOMIC THEORY
Critical Classical Assumptions
Self-Interest, Rationality, and Instinct
Insufficient Information, Emotion, and Irrationality
Positively Sloping Marginal Utility Curves
Parasitic Economics and Parasitic Capitalism
Parasitic Capitalism, Plutocracy, and Psychopathy
The Ramifications of Missing Drivers
A Post-Classical Model of Economic Behavior
Critique of Classical Economics
3. The Rise and Fall of Marxist Economics
Nineteenth Century Poverty and Plutocracy in Europe
An Unforeseen Revolutionary Springboard
The Demise of Parasitic Capitalism
A Hegelian Interpretation of History
4. Keynesian Cyclical Stabilization
Jean Charles Léonard de Sismondi
Durations and Stages of Economic Cycles
Viscount Takahashi's Macroeconomic Revolution
Keynesian Economic Explanations
The Interest Elasticity of Investment
The Golden Age of Keynesianism (1946-1973)
The Challenge of Stagflation (1973-1982)
Critique of Keynesian Economics
5. The Fall and Rise of Neoclassical Macroeconomics
Misdiagnosis of Stagflation (1979-1982)
Neoclassical Supply-Side Economics
MPT versus Dynamic Portfolio Theory
Critique of Neoclassical Macroeconomics
PART II: AN ALTERNATIVE MACROECONOMIC FRAMEWORK
6. The Unified Theory of Macroeconomic Failure
Morality and Economic Efficiency
The Unified Theory of Macroeconomic Failure
Chronic Negative Externalities
Unintended Spillover Effects of an Incomes Policy
The Butterfly Effect of Reparations
PART III: USURIOUS PRODUCTS AND INSTITUTIONS
The Evolution of a Ponzi Scheme
The Incurable Defects of a Ponzi Scheme
Neocons, Neoclassical Economics, Neo-Feudalism, and Neo-Imperialism
Ascent of the Banking Plutocracy
9. Bank Instability, Products, and Economics
The Seduction of National Indebtedness
Odious Debt and International Institutions
International Financial Institutions
10. The Federal Reserve as an Extension of Banking Power
The Birth of the Federal Reserve
The Riddle of the Federal Reserve
The Direct Cost of the Federal Reserve
Democracy and the Federal Reserve
PART IV: CYCLICALITY, MARKET AND PUBLIC SECTOR INEFFICIENCY, AND DEMOCRACY
Economic Cycles as Externalities
United States Cyclical Contractions (1785-2009)
12. Private Sector Inefficiency: Competition and Information Quality
13. Public Sector Inefficiency: Plutocracy vs Democracy
Wars of Aggression as Foreign Policy
Measuring Western Democratization
Computing the Western Democratization Index
PART V: ALTERNATIVE FINANCING AND TAXATION
15. The Next Revolution in Equity Finance
Equity Participation Certificates
Charitable and Cooperative Lending
Stability, Money Creation, and Monetary Policy
16. Public Finance and Indirect Taxes
Tax Objectives, Efficiency, and Types
The Case for a Pigovian Tax on Financial Pollution
Effect of Sales Taxes on Exports
Repeal of Taxation of Essentials
Tax Bias, Indebtedness, and Other Inefficiencies
Employers' Social Security Tax Contribution
Erosion of the Corporate Income Tax Base
Pricing Public Goods for the Corporate Sector
The Relative Economic Efficiency of a Corporate Capital Tax
The Incidence of a Corporate Capital Tax
Effect on Corporate Indebtedness
Corporate Capital Tax Avoidance
Computation of a Corporate Capital Tax Rate
Corporate Capital Tax Collection and Compliance
Charities, Charitable Foundations, and Charitable Assets
18. Regressive Personal Taxation
Principles of Personal Taxation
A Regressive Personal Income Tax
Employees' Social Security Tax Contribution
19. Progressive Personal Taxation
The Politics of Income Distribution
Identifying Personal Tax Bases
Computing the Rate of a Flat Personal Capital Tax
The Economic Efficiency of a Personal Capital Tax
Administration of a Personal Capital Tax
The Struggle for Valid Economics
Appendix: Identifying Usurious Lending