A New Textbook As An Introduction To Divine Economy Theory.

During the process of preparing the Second Edition of DIVINE ECONOMY And Its Real World Economic Principles I have decided to change the format slightly so that it can be also be used as an introductory textbook. The slight changes in format include: a glossary, a concise index, and suggested exercises.

The book can serve well as an introduction to economics since it puts into context the following economic principles: price theory, marginal utility, imperfect knowledge, profit and loss, economic calculation. prices of higher order goods, disutility of labor, competitive theory, division of labor, medium of exchange, time preference, pure rate of interest, savings, monetary theory, entrepreneurship, risk, disequilibrium, willingness to work, leisure, productivity, comparative advantage, capital goods and capital, capital theory, capital structure spectrum, capital in conceptual time and historical time, subjective valuation, consumer sovereignty, purchasing power of money, contracts, and standard of living.

The book also (and uniquely) serves well as an introduction to divine economy theory since it lays out the Divine Economy Model ©. The Second Edition also incorporates into the divine economy theory the concept of production possibilities frontiers in ways never before done. These not only offer plenty of opportunities for 'suggested exercises' but also shed additional light on the consequences of economic policy.

These format changes that make the Second Edition a useful introductory textbook are subtle and will not distract the reader who is reading it for the content rather than as a student. The versatility and groundbreaking nature of this book should make the Second Edition the go to reference for students and seekers after economic knowledge alike.

Follow me on Twitter @DivineEconomy

For more information go to my newly renovated website.

If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://divineec.ipower.com/2/

The Difference Between A Politician And A Statesman.

Universally (that is, it is a common characteristic worldwide) there are many differences between what a politician is and does and what a statesman is and does. Not only are there many differences but the differences are very significant.

Why then are most people not disturbed by these differences? The answer: there are no statesmen (actually there is one in the United States - Congressman Ron Paul). It is difficult to perceive differences when there is nothing to contrast against.

The system that creates politicians and which looks a little different in each and every country is interventionism. Interventionism is within the spectrum of socialism and it includes democracies. There is no high ground for democracies over socialism since they are just different types of interventionism and interventionism is the corrupt system that creates and favors politicians.

Politicians are more accurately described as ego-driven interventionists. They have a time horizon (it varies worldwide depending on term limits) to make their mark, whether that mark is to enrich themselves and their constituents or whether that mark is to adorn the world with their grandiose ego-driven schemes. Regardless, this is the corrupt fruit of interventionism.

The difference between the politician and the statesman has to do with the time horizon and who is being served. The statesman views himself or herself as a steward of that region of the world with a view towards perpetuity. The politician intervenes to direct resources in the direction of particular favored ones as quickly as possible.

The fact that interventionism has become so pervasive that there is no noticeable alternative is alarming but not surprising. Interventionism as a system is a one-way road to serfdom. It becomes more pervasive and oppressive the further you go down the road.

The exciting part of this story is that there is still alive the seeds of statesmanship, of good stewardship. Equally exciting is the fact that these seeds are accessible to everyone because of the internet. If the seeds germinate in enough minds and hearts then David can slay Goliath!

Follow me on Twitter @DivineEconomy

For more information go to my newly renovated website.

If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://divineec.ipower.com/2/