How to end to the debt crisis in one month

Siize Punabantu

MPRA Paper from University Library of Munich, Germany

Abstract: The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as scarce resource theory (SRT) in operating level economics. The consequence of this is that leaders around the world and the governments they oversee today are being misled by the very fundamental approaches in contemporary economic theory they are advised will protect their industries and citizens.

Keywords: Scarcity; banking; credit creation; banks; resource creation; implosion; wobble effect; economic thought; poverty; wealth; equation of exchange; money; price; mark-up; cost plus pricing; rationality; operating level economics; economic growth; expenditure fallacy; paradox; economic operating system (search for similar items in EconPapers)
JEL-codes: D10 D11 E12 E31 E42 E50 G01 H63 (search for similar items in EconPapers)
Date: 2011-08-09
New Economics Papers: this item is included in nep-hpe and nep-mac
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