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Origin of Wealth and Poverty

When John Stuart Mill, who wrote the definive book on Classical Economics, dealt with the issue of over-production, he made the correct analysis-that 'any difference in opinion on it involves…

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Specifikacia Origin of Wealth and Poverty


When John Stuart Mill, who wrote the definive book on Classical Economics, dealt with the issue of over-production, he made the correct analysis-that 'any difference in opinion on it involves radically different conceptions of Political Economy'. Unfortunately, Mill made the wrong choice, and we are all living with that mistake now. This book is about that other conception of economics where over-production is not contrary to the basic assumptions of the theory. The book describes, in plain English, how our economic activity creates wealth, and how our compulsion to save creates poverty. Those findings and most of the others presented in this book emerge naturally, and logically, from a new set of basic assumptions, which include some from the old economics but in modified form. The failure of conventional economics to solve the great problems of the world (poverty, unemployment, and

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