HPC
forthcoming publication
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 Real incomes are an expression of the degree of freedom people, families, companies & shareholders have to achieve their freely determined objectives.
Real incomes should therefore be of prime concern to economists & politicians.
However, the freedom of self-determination, no matter by whom exercised, needs to be subjected to constitutional norms to protect each individual from impositions by others. |
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General Announcement
The delays in advancing the tutorial sections have been caused by the fact that I have been completing the writing of the book "Leading Issues in the British Economy".
As this work progressed and econometric research completed, the content has rendered two previously planned books redundant (these being "Real Incomes & Decision Analysis" and "A Real Incomes Approach to Economics"). A separate planned text on Locational-State Theory is, however, being completed as a contribution to the George Boole Institute's Boolean Society Initiative.
The findings contained in "Leading Issues in the British Economy" alter, to a large extent, the planned tutorial sections. Therefore my next activity will be producing the new tutorial sequence to follow on from what has been produced so far (which will remain as it is).
I expect the final proof reading on "Leading Issues" to be completed towards the end of November ready for publication during December 2009.
An explanation of the the context and a preview of the content of this book will appear in an article entitled, "Recent Developments in the Real Incomes approach", and this will be posted below when ready.
26th October, 2009
Update
I have recently unearthed from the archives a 100 page brief "Notes on IT - Economic Aspects" which I produced in October 1983 which provides a more concise description of the real incomes approach to supply and demand and the impact on innovation and the advance of technique. This extends and focuses the analysis set out in the original document, "Price Performance Fiscal Policy - The Control of Inflation through a Real Incomes Approach", produced in Rio de Janeiro in 1976. I am revising the supply and demand sections of the text "Leading Issues in the British Economy" to integrate this content.
Hector McNeill 6th December, 2009.
Update
Status of the text is that the introduction is being changed to a more simplified format. Final publication is expected to be end of January 2009.
Hector McNeill 4th January, 2010.
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Recent Developments in the Real Incomes approachin preparation ...
The dangers of financial commoditization
Lessons for housing stockThe nature of commodities demands that the British governments redesign their fiscal policies as a basis for gaining strategic independence and economic stability...
click here for the article
Constitutional questions arising from macroeconomic management
Macroeconomic management under Keynesianism and Monetarism relies upon the imposition of a monopoly intervention in markets by the state. The impacts of policy decisions varies amongst economic units and individuals within sectors and across the economy.
In cases of losses arising directly from government policy actions there is seldom any consideration of state liability for compensation. This raises significant constitutional questions which have yet to be addressed by governments and the economists who serve them.
...click here for article
 
Our Coffee Shop is to be closed down....
As from November 9th, the Coffee Shop will be replaced by a news & media section providing shorter news items.
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Using statistical indices to misleadThe identification of an appropriate measure of economic performance capable of reflecting the specific circumstances of each person and economic units is not as difficult as it might seem. On the other hand the use of inappropriate indices to measure economic performance can lead to poor policy decisions creating difficulties and injustice.
... click here for articleSlumpflation, the policy-induced crisis
In the 30 years between 1945 and 1975 Keynesianism as macroeconomic policy unravelled under slumpflation. Now the alternative, Monetarism, has taken another 30 years to begin to unravel towards slumpflation. The current crisis was predicted in 1976 on the basis that neither policy is a real incomes policy.
...click here for article
Financial derivatives & the imagined independence of the Bank of England
The financial derivatives crisis and the recent calamities in the housing sector arise from inappropriate financial controls and fiscal policies...
...Click here for article
Keynes & stock markets
Keynes, writing in 1936, described the tussle between enterprise & speculation in the New York stock market in terms relevant to the current sup-prime crisis.
click here for the article
How Britain's fiscal policies prevent independent decision-making
If the management of the economy faces compromises which prevent an independence in decision-amking what are the implications for individual freedom of expression and the satisfaction of preferences?
...In preparation.....
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