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tomcarbon
Joined
October 2011
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May 2012
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tomcarbon

The full list of Chamberlain economic papers can be found at http://www.chamberlain-west.com . In essence, a fundamental variable, "duration for consumption", is missing from the neo-classical economics foundation, which enables the government to be inept/corrupt. The 'Socialism vs. Capitalism' paper is a good starting point for those interested.
  • tomcarbon
    tomcarbon
    The full list of Chamberlain economic papers can be found at http://www.chamberlain-west.com . In essence, a fundamental variable, "duration for consumption", is missing from the neo-classical economics foundation, which enables the government to be inept/corrupt. The 'Socialism vs. Capitalism' paper is a good starting point for those interested.
    November 2011
  • tomcarbon
    tomcarbon
    over and over again, history repeats itself. Wealth accumulates into the hands of the few, and then revolution. If only effective economics that directly addresses said accumulation of wealth could be installed...
    October 2011
  • tomcarbon
    tomcarbon changed his profile picture.
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    October 2011
  • tomcarbon
    tomcarbon
    Regarding the reconciliation of Socialism and Capitalism in order to create the 'good society': http://www.chamberlain-west.com/papers/070412SocialismVsCapitalismRev3.pdf
    October 2011
  • tomcarbon
    tomcarbon
    “…there is no injustice in the greater benefits earned by the few provided that the benefits and discretionary-power of persons not so fortunate are improved.” - Thomas E. Chamberlain.

    Some may notice that this is a modification of John Rawls' Theory of Justice (1971), which reads:

    “…there is no injustice in the greater benefits earned by the few provided that the situation of persons not so fortunate is thereby improved”.

    Note the relationship between these and Sen's "positive freedom", which may be viewed as a superset of Chamberlain's economics-focused statement.
    October 2011
  • tomcarbon
    tomcarbon
    CAIN: "[...] Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself! [...] It is not someone’s fault if they succeeded, it is someone’s fault if they failed."

    ME: OK, well, that's not 100% true. You see, poor people are disadvantaged from the get-go. They do not have a large amount of resources to use in investing for their future. Their money is predominately used for immediate needs - food, energy, heat. The little money that is left over may be divided into investment, education, savings, and consumerism-encouraged bling. It can now be seen that, for the poor (and middle class), only such a small fraction of money can be allocated into investment and education. On the other hand, the wealthy can invest much more into their own advancement.
    October 2011
  • Vdj
    Vdj approved tomcarbon's membership application.
    Welcome Aboard!
    October 2011
    • tomcarbon
      tomcarbon
      Thank you. My job here's to point out a fundamental flaw in neoclassical economics, its consequences, and start a conversation on the remedy.
      October 2011