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In other words, I don't exactly want to
read something with an overtly Marxist/Austrian/neoclassical/whateverist
thrust, although an overview of the various bodies of thought would be
welcome.
+++++++++
Equitable Commerce
I have a hard copy.
This basic economic handbook exposes the dogma that pervades the 'Austrian' (capitalist) and 'Marxist' (socialist) systems based upon involuntary associations (fraud and force).
It does so by offering a more accurate, disinterested, and objective human economic perspective that avoids politics altogether.
What cannot be ignored (without resorting to dogma) is not ignored in that economic study (117 pages) such as ‘how price is determined by cost’ and who or what determines cost.
Rather than assume that economics must be dictated by pricing schemes whereby producers have the power to eliminate the competition (such as involuntary capitalism whereby the State enforces a limited liability corporate accountability shield of fraud and a monetary currency monopoly fraud) and by eliminating the competition the pricing scheme can involve a decrease of the supply in order to increase the price to ‘whatever the market will bear’ as well as dumping products below cost in the effort to create market share in preparation for a decrease in the supply in order to increase the price to ‘whatever the market will bear’. Equitable Commerce (an economic study reinforced with practical experimentation) avoids the dogma associated with supply and demand manipulated pricing schemes that are assumed to be dictated by either The State, The Unseen Hand, The Limited Liability Corporate Entity, or any other dogma, rather, the short and easy to read economic study is based up the principle of cost, the principle if individual sovereignty, and the principle of equity (not equality).
I have yet to read any economic study where that dogmatic assumption of a mysterious and ambiguous entity hasn’t been leaped toward; whereupon ‘economics’ is supposedly not (wink, wink, nudge, nudge) dictated by man made pricing schemes based upon scarcity even the Marxist versions.
The dogma pretends to create demand and supply induced pricing forces ‘out of thin air’ as if no actual person decided to manipulate the supply in order to manipulate the profit or power flowing from the consumer to the producer (above cost).
If the economic student (like I was before reading Equitable Commerce) is ‘educated’ in the “Austrian” or “Marxist” political/economic dogma they may ignore the cost principle, the equitable principle, and the individual’s sovereignty too (since those political dogmas ignore the cost principle, the equitable principle, and the individual’s sovereignty).
I think I read about half way through Hazlitt’s Economics in One Lesson. I can find where I stopped if needed. It is another capitalist manifesto based upon a scarcity pricing scheme where production intends to ‘exploit the market’ by transferring wealth from those who earn it to those who manipulate the supply into a state of scarcity and then jack up the price above cost. The unreported assumption is state controlled credit since a credit monopoly will not exist without fraud or force (The State).
I am more than a little curious to have someone read Equitable Commerce (all 117 pages) and find fault with it (other than the dogma parroted by monetary cranks) especially since the data contained in Equitable Commerce is based upon controlled experimentation.
Once the reader thoroughly understands the economic principles involved (The Cost Principle, The Equity Principle, and Individual Sovereignty) there is a corresponding ability to expose the dogma that is inherent in the involuntary associations pretending to pass as economic knowledge.
Example:
A common theme among dogmatists is a mysterious power wielded by ‘capital’ where this entity called ‘capital’ somehow manages to gain power over human beings. It is often reported that ‘capital’ employs ‘labor’. By that dogma a person may be led to believe that ‘capital’ can employ ‘labor’. A person believing that ‘capital’ can employ ‘labor’ may fail to identify the person who is transferring power from his victim to his own bank account by fraud and by force. Capital or ‘things’ do not employ anything – ever. Things, like guns for example, sit. Even, as I’ve seen dogmatists suggest here on this forum, things that are automated cannot employ anyone at any time. An automated car wash, for example, cannot employ anyone anymore than a ‘company’ can employ someone. An automated security system cannot accidentally injure an innocent person either – ever. Some ONE (a sovereign individual) turns the thing on.
When ‘capital’ is said to employ ‘labor’ chances are the capitalist is gaining rapidly in the business of taking power from an individual. The ‘capitalist’ is an individual – not a corporation and not The State.
Human’s, who labor (or just work for fun), employ things. Human beings act with pre-mediated will power. Things cannot decide or employ will power (computers may be simulating will power or the power to make human decisions) however the dogma of ‘capital’ employing ‘labor’ is an old economic fallacy that pre-dates computers.
This is a bit long for a sales job for a little book that is not much more than a pamphlet.
Suppose the person asking for a BASIC economic book does read this BASIC economic book? I can dream can’t I? Suppose the person does read it and then suppose the person understands the basic principles involved in economics.
Now what?
Will the person return to the common herd mentality of parroting monetary crankiest elitism or will the person decide to employ principles in economic thought?
Suppose every dogmatic argument supporting the fraud of capitalism was used (turned around) on the dogmatist like, for example, the dogma apologizing for scarcity pricing schemes associated with wages?
The dogmatist claims that wages are paid based upon the abundance of labor or over-supply of labor and therefore the price of labor bears a small exchange rate. Why pay someone a high wage when many laborers are demanding employment? Why not pay a low wage since ‘the market will bear’ a low wage?
Confusing?
I’ve read Equitable Commerce, The Science of Society, Mutual Banking, and A New System of Paper Currency which are very easy to understand economic works written by American Anarchists (or so called Anarchists) so this is not at all confusing to me. I am armed with true principles.
The Limited Liability Corporate Nation State Interest/Profit Wage Paying System Dogmatist claims that ‘the market will bear’ a low wage to many laborers.
Got that?
The reason why the dogmatist claims that to be true, empirically, is factually based upon a currency monopoly fraud. So called ‘capitalists’ have the power to create currency of the ‘legal’ variety and with that power the so called ‘capitalists’ have the power to finance whatever they choose to finance since they, the so called ‘capitalists’ have the power to create ‘legal’ tender or MONEY and this ‘right’ is exclusive.
Like this:
“every individual will attempt to secure his own requirements as completely as possible to the exclusion of others.” Carl Menger (1840 -1921)
Now turn that around, I mean specifically, turn around that dogma.
Suppose that the Marxists were serious (rather than being puppets financed by ‘capitalists’) and the ‘laborers’ took over the power to create credit and at the same time the ‘laborers’ removed that power to create credit (out of thin air) from the ‘capitalists’.
Got that?
Previously the ‘capitalists’ financed a situation where the supply of labor was high and therefore many laborers were fighting over each other for a very low or small supply of ‘jobs’. The scarcity of jobs created a high demand for employment and therefore the market would bear a high price (cost to the laborer) for gaining a job. Is that backwards?
Hardly
Now the ‘laborers’ seriously take over the power to create credit out of thin air. “Laborers” offer purchasing power at no-interest to qualified “Laborers” for the purchase of land and the construction of homes and work shops. “Laborers” charge ‘what the market will bear’ in interest rates (up to 25 percent interest charges) for anyone wanting to borrow legal money to gain possession of ‘capital’ (the means of production).
Workers get an interest discount
Non-workers pay as much as the market will bear for the use of credit to buy the means of production. A ‘boss’ who does not actually work, and cannot prove a ‘credit rating’ of having worked will not qualify for a no or low interest loan (not even for a home and not for a ‘shop’). No worky - no money unless the ‘capitalist’ can afford to borrow and pay the high interest charge.
Equity, if you do take the time and effort to read the BASIC economic book, is neither Austrian Capitalist nor Marxist Socialist economic KNOWLEDGE.
I am curious to see if you learn anything.
The Above is copied from here:
http://www.anarchism.net/forum/board_entry.php?id=27460