If the Stock Market crashes, the Federal Reserve System (the Fed) ought to open the Discount Window to Main Street, by making 1. loans only for the creation of real wealth; 2. loans at cost; 3. loans to benefit as large a number of people as possible by issuing loans to individual entrepreneurs,...

Years ago, I recommended that my City, my Polis, Gloucester, MA, never sell its natural resources to any outsider. Last year, with the passing of Fidel Castro, I saw a possibility for Cuba to become finally free. Naturally, I urged Cubans not to repeat the errors made by Russia and China at the...

Concordian economic theory is composed of models that observe the economic system from the perspective of production, distribution, and consumption of wealth—as well as the system as a whole. These are specialized approaches that, studied separately, have tended to create separate schools of...

In Concordian economics there is no distinction between micro and macro economics, because the economic process is the same for the individual person, the city, the nation, or the world, What changes is the scale, but not the structure of the process. When micro and macro economics are seen as...

In Concordian economics, a bubble is defined as a separation of monetary values from values of real wealth. This separation is effected by the fundamental proposition of Concordian economics: Investment is income minus hoarding. This definition, in turn, allows us to identify a set of crucial...

In mainstream economics, the sight is restricted to forms of financial bubbles. In Concordian economics, rather than the behavior of the financial markets. instead, a bubble is defined as a separation of monetary values from values of real wealth. Hence, the concern is with the behavior of the...

Mainstream economics is the “dismal science” because it is not yet a science. This paper proposes to restructure it through the infusion of two complete bodies of doctrine, the economics of Moses and the economics of Jesus, doctrines that for millennia were brought into reality through the...

A system of thought allowed for the free market price of land to cyclically go down to zero. This is the economics of Moses. The economics of Jesus is a restatement of the economics of Moses. The first was applied during Biblical times and the latter, united with Aristotle’s thought and...

Aristotle, followed by Augustine, Aquinas, and Adam Smith, recognized, to a lesser or greater degree, that the ownership and control of private property (wealth, money, riches) is an initial, necessary condition to be able to put one's self in a position to help others in need. A person is or...