The Decline of the American Economy
()
About this ebook
Conventional economics in the US and indeed the West is stale and unable to deal with a world that is getting more technologically complicated every day. For most conventional economists today, the American economy is all about finance: interest rates, inflation, Wall Street indexes, globalization, trade, economic indexes, financial reserves, etc. For those of them who still think analytically, production is made up of only labor and capital, omitting material, despite it being quite oblivious that one cannot produce anything without materials.
They continue in the path of increasingly squeezing labor out of production in the name of productivity in order to reinforce the supremacy of finance. These are the basic errors of capitalism. There is the belief that the sum total of the rowdyism of private enterprise creates maximum economic growth and prosperity for all. In the context of capitalism, conventional economists equate capital invested in US dollars as the measure of US economic growth achieved through financial management.
Clement Onyemelukwe
Clement Onyemelukwe is an engineer and economist. He has written five books to date, among which are two devoted to economic science, “Underdevelopment: An Inside View” in 1974, and “The Science of Economic Development and Growth: The Theory of Factor Proportions” in 2005, in which he has been able with his engineering science background to fault conventional economics for being only a dismal science, deficient and faulty in structural economics. As chairman and founder of Colechurch International Ltd, an international project management and promotion company since 1976, Mr. Onyemelukwe, as an engineer and economist since the 1950s, has accumulated wide practical experience and specialization in economic development process in both advanced and emerging countries of the world. The book is intended to apply his wealth of economic expertise to the American economy.
Related to The Decline of the American Economy
Related ebooks
It's The Economy, Stupid: Economics for Voters Rating: 0 out of 5 stars0 ratingsThe Leaderless Economy: Why the World Economic System Fell Apart and How to Fix It Rating: 4 out of 5 stars4/5The Growth Deficit Rating: 0 out of 5 stars0 ratingsThe Federal Government, More Wizards of Oz !!!!! Rating: 0 out of 5 stars0 ratingsPolitics, Economics and Investments: Don's Thoughts Rating: 0 out of 5 stars0 ratingsThe New American Economy: The Failure of Reaganomics and a New Way Forward Rating: 0 out of 5 stars0 ratingsAmerica's First Great Depression: Economic Crisis and Political Disorder after the Panic of 1837 Rating: 4 out of 5 stars4/5Where Did the Jobs Go--and How Do We Get Them Back?: Your Guided Tour to America's Employment Crisis Rating: 1 out of 5 stars1/5Bad History, Worse Policy: How a False Narrative about the Financial Crisis led to the Dodd-Frank Act Rating: 0 out of 5 stars0 ratingsThe General Theories of Inflation, Unemployment, and Government Deficits Rating: 0 out of 5 stars0 ratingsGovernment Policies and the Delayed Economic Recovery Rating: 0 out of 5 stars0 ratingsPolitics in the New Hard Times: The Great Recession in Comparative Perspective Rating: 0 out of 5 stars0 ratingsBanking on Confidence: A Guidebook to Financial Literacy Rating: 0 out of 5 stars0 ratingsAnimal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism Rating: 4 out of 5 stars4/5Not Working: Where Have All the Good Jobs Gone? Rating: 3 out of 5 stars3/5The Introduction to The Evil Axis of Finance Rating: 0 out of 5 stars0 ratingsGale Researcher Guide for: Policy Responses to the Business Cycle Rating: 0 out of 5 stars0 ratingsFighting Financial Crises: Learning from the Past Rating: 0 out of 5 stars0 ratingsA More Perfect Union: A Fiscal Plan for America Rating: 0 out of 5 stars0 ratingsFalling Behind: How Rising Inequality Harms the Middle Class Rating: 4 out of 5 stars4/5The Pursuit of Happiness in a More Perfect Union: Creating an American Economy of Equal Opportunity Rating: 0 out of 5 stars0 ratingsReviving Economic Growth: Policy Proposals from 51 Leading Experts Rating: 0 out of 5 stars0 ratingsMacroeconomics: 4Th Edition Rating: 0 out of 5 stars0 ratingsGale Researcher Guide for: The Business Cycle Rating: 4 out of 5 stars4/5Family Preparedness for the New Millennium Rating: 0 out of 5 stars0 ratingsArchitects of Austerity: International Finance and the Politics of Growth Rating: 0 out of 5 stars0 ratingsPerils of Prosperity: Realities, Risks and Rewards of the Global Knowledge Economy Rating: 0 out of 5 stars0 ratingsThe Economics of Enough: How to Run the Economy as If the Future Matters Rating: 0 out of 5 stars0 ratingsWhat To Do To Survive An Economic Collapse Rating: 0 out of 5 stars0 ratings
Economics For You
Economics For Dummies, 3rd Edition Rating: 5 out of 5 stars5/5How to Be Everything: A Guide for Those Who (Still) Don't Know What They Want to Be When They Grow Up Rating: 4 out of 5 stars4/5A History of Central Banking and the Enslavement of Mankind Rating: 5 out of 5 stars5/5Capital in the Twenty-First Century Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Wise as Fu*k: Simple Truths to Guide You Through the Sh*tstorms of Life Rating: 4 out of 5 stars4/5Economics 101: From Consumer Behavior to Competitive Markets--Everything You Need to Know About Economics Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5You Can't Lie to Me: The Revolutionary Program to Supercharge Your Inner Lie Detector and Get to the Truth Rating: 4 out of 5 stars4/5Divergent Mind: Thriving in a World That Wasn't Designed for You Rating: 4 out of 5 stars4/5Sex Trafficking: Inside the Business of Modern Slavery Rating: 4 out of 5 stars4/5Recession-Proof Real Estate Investing: How to Survive (and Thrive!) During Any Phase of the Economic Cycle Rating: 5 out of 5 stars5/5The Hard Truth About Soft Skills: Soft Skills for Succeeding in a Hard Wor Rating: 3 out of 5 stars3/5Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5Quiet Leadership: Six Steps to Transforming Performance at Work Rating: 4 out of 5 stars4/5Chip War: The Fight for the World's Most Critical Technology Rating: 4 out of 5 stars4/5The Spirit Level: Why Greater Equality Makes Societies Stronger Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5The Affluent Society Rating: 4 out of 5 stars4/5Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails Rating: 4 out of 5 stars4/5Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures Rating: 4 out of 5 stars4/5Disrupting Sacred Cows: Navigating and Profiting in the New Economy Rating: 0 out of 5 stars0 ratingsPayback: Debt and the Shadow Side of Wealth Rating: 0 out of 5 stars0 ratings
Reviews for The Decline of the American Economy
0 ratings0 reviews