Economics From a Different Angle

by

Ed Dedelow

The goal of the scientificcapitalist is to get you to think outside the box. A young friend of mine, who is going to a local community college, told me that his economics courses are listed under philosophy. If we can perform intricate heart procedures through the veins in our legs, land on Mars, drill for oil five miles underground or under the seas, and put 100 books on a chip small enough to fit in our pocket, how can we believe the reason we are able to do all of this is philosophical? Am I missing something or has everyone else missed something, like the science of economics?

I am not selling a book, I am selling ideas-- new ideas, ideas that are not philosophical. "Why Capitalism Works and Government Doesn't" a.k.a. "How government is recycling the American workforce to pay its bills and How the rich profit from big government" raises questions and provides answers the economists do not. You will not hear in the classroom what you will read in this book. Why is this book so different? Simple. THIS IS NOT YOUR GREAT GRANDFATHER'S ECONOMY, the principles have changed. The evolution of the division of labor has ended our dependence on the big businesses whose welfare so impacted the economy. Workers once had to rely on jobs from big steel, big auto, big oil and even big shoe. The job market, through the division of labor, has become incredibly diverse and that diversity changes the economic mechanics.

Unfortunately, our government has sucked up the benefits of our increased productivity by raising taxes, adding regulation and transferring costs once paid by government to the private sector. The government then spends the money it "saved" elsewhere. Government has far more control than the economists claim. Imports and efficiency have relieved some of the burden for individuals and businesses, but the ability to assimilate government's cost is declining rapidly. Government actions have consequences and beliefs affect how we think. Changes must occur in how people think, in our legislative bodies, our businesses and, most importantly, in our homes and classrooms. Economics is not a philosophy.

"Why Capitalism Works and Government Doesn't" is not an easy read but, if you want to know what is going on in the economy, it will be well worth the effort.