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]]> http://getoddnews.com/2010/06/19/dominance-economics/ http://getoddnews.com/2010/06/19/dominance-economics/#comments Sat, 19 Jun 2010 23:28:04 +0000 Grandpa Oddball http://getoddnews.com/?p=1956
Whew! Unemployment, stock market crashes, collapsing housing markets, inflation and mounting national debt, financial bubbles, it's just one economic crisis after another. What happened and more importantly how will it end?

The world is far more complex than economists realize as evidenced by recent economic crises. In analyzing our current economic system I discovered a radical economic principle which I call the principle of dominance. Surprisingly the analytic analysis strongly supports many of the tenets of the Austrian School of Economics.

This book is an introduction to the principle of dominance as applied to trades, markets, economics in general and various other conditions affected by the principle. Understanding the Principle of Dominance is a necessary first step in correcting the abuses inherent in the current economic system.
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Once again we hear the hackneyed and ubiquitous rationale “too big to fail” as governments bailout yet another irresponsible enterprise! When you think critically about the situation then several embarrassing questions immediately arise:
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Yup. A trillion dollars here and a trillion dollars there; first thing you know we'll be talking about real money.
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I’ve written before about the plight of American industry, how this plight affects the country and its industrial base, and how it can possibly be addressed. I’ll not repeat those arguments here but instead focus on just one aspect of that plight. Sadly and regrettably ....
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Personally I prefer my food to be healthy and not poisoned or contaminated and products that are reasonably safe which will not blow up, catch on fire or otherwise harm me or my children. Thus I'm all for some official (and effective) cultural/economic regulation as long as it doesn't ruin the economy.
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