Princeton University Library Catalog

Two centuries of parasitic economics : the struggle for economic and political democracy on the eve of the financial collapse of the west / Basil Al-Nakeeb.

Al-Nakeeb, Basil, 1949- [Browse]
  • North Charleston, South Carolina : CreateSpace Independent Publishing Platform, [2016]
  • ©2016.
437 pages ; 23 cm.
Summary note:
"This intriguing detective work skillfully weaves economics with politics, psychology, and history in an accessible and absorbing style to answer the puzzling questions. Why have ruling elites subjected people to poverty throughout history? Why in the aftermath of World War II did Western establishments, after centuries of autocracy, pursue economic and political democracy only to reverse course in 1980? Why is the Fed pumping and bursting bubbles in stocks, real estate, and now bonds and, without informing Congress, extending $16 trillion dollar loans? Why do leading western politician, economists, universities, and even Nobel Prize committees endorse bad economics, causing industrial erosion, mushrooming debts, anemic growth, and deepening recessions, which seed the fall of great powers?" -- Provided by publisher
Bibliographic references:
Includes bibliographical references (pages 369-375) and index.
The dialectic path of economic theory. Classical economic theory -- The rise and fall of Marxist economics -- Keynesian cyclical stabilization -- The fall and rise of neoclassical macroeconomics -- An alternative macroeconomic framework. The unified theory of macroeconomic failure -- Usurious products and institutions. Usury: conquest by stealth -- The ascent of banking -- Bank instability, products, and economics -- The Federal Reserve as an extension of banking power -- Cyclicality, market and public sector inefficiency, and democracy. Amplified business cycles -- Private sector inefficiency: competition and information quality -- Public sector inefficiency: plutocracy vs democracy -- Measuring democracy -- Alternative financing and taxation. The next revolution in equity finance -- Public finance and indirect taxes -- Corporate taxation -- Regressive personal taxation -- Progressive personal taxation -- Outlook. The gathering storms -- Appendix: Identifying usurious lending.
  • 9781523827954
  • 1523827955
  • 958982782
  • 953684697
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