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The new economics

The starting point for a new economic heuristic is to distinguish two different circuits of production: A basic circuit which produces goods and services such as food, housing (or housing services), refrigerators, cars etc. which are sold into a community’s standard of living (in green in the image above) A surplus circuit  which produces the means…

Lonergan’s economic theory: a template which challenges current social and economic research

This post allows you to comment on the book chapter, “Lonergan’s economic theory: a template which challenges current social and economic research”, in Fifty Years of Insight: Bernard Lonergan’s contribution to philosophy and theology Click here to find this presentation Other posts onEconomics

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Housing in a Sane Global Economy – Starting Economics: Again!

The post on the new economics has very briefly outlined the key elements of an economy, in particular distinguishing two different circuits of production: a basic circuit (which produces the goods and services that enter into a community’s standard of living) and a surplus circuit which produces the means of production that are repeatedly used…