Most people associate Keynesian economics with the man himself. Although there are a number of schools of thought which have evolved, and departed, from John Maynard Keynes’ original ideas, such as the New Keynesians, and the more radical but much… Read More ›
John Maynard Keynes
Work-Standard Accounting Practices: “Parliament Fund”
The “Parliament Fund” refers to the Kapital earned from Revenues and are required by Parliament to function and govern Civil Society, hence its name. The Parliament Fund is where the rest of the Kapital in the Parliamentary Budget goes if… Read More ›
Work-Standard Accounting Practices: “Proprietary Fund”
The “Proprietary Fund” is considered one among the various examples in which Production for Profit and Production for Utility are closely intertwined. On paper, it resembles a Fund related to the so-called “Public Sector” (Read: Production for Utility). In actual… Read More ›
Work-Standard Alternative to IS-LM Model? (Pt. II of II)
After a bit of ingenuity and rereading of The Work-Standard and The Third Place, I was able to quickly devise a suitable alternative to the IS-LM Model and its various derivatives. As I had correctly anticipated, the solution entailed an… Read More ›
Work-Standard Alternative to IS-LM Model? (Pt. I of II)
Is there a Work-Standard alternative to the “IS-LM Model?” The current information about the Work-Standard indicates that an alternative can in fact be devised with the TPP (Total Productive Potential) Equation in mind. To understand the justification for such an… Read More ›
Japan launches nationwide competition to boost alcohol consumption — WORLD BEER & SPIRITS !
A new contest launched by the Japanese government asks the younger generation to come up with ideas to boost the consumption of alcoholic drinks. In an effort to revitalize alcohol consumption, Japan has launched a nationwide competition calling for inviting… Read More ›
Socialism and the Right-to-Market
Wintermärkte: “Actions Speak Louder Than Words!” Today is 26 December 2021, yesterday was Christmas, before and that Christmas Eve. That means the Real Housewives were able to manufacture some more Household Appliances for the whole family. While most Household Appliances… Read More ›
The Fourth Estate 