How to Read Economics: Action & Organization: The Case Against Compulsion Everywhere PDF

Economics: whether one considers it so or not, this concept is the very lifeblood of our world at large, from the most expansive transactions to the most minute interchanges, between conglomerates and nations and between individuals. Behind the veil of the world, the core of economics holds a vast array of thoughts and tenets, with libraries’ worth of material and, as one can surmise, much of these thoughts clash between the realms of varied schools of thought. A myriad of these schools reach— some components to great degrees of accuracy, while other components miss their mark; many others still reach conclusions so esoteric as to lose any and all applicability to the very world we are meant to describe. Few, if any however, have conceived of a true, full picture of the mechanisms underlying economic activity, beyond the massive figures of aggregates and the sometimes even superficial statements of individuals. This is not for lack of trying; after all, that is the entire goal of the endeavor of such thought. With this in mind, it becomes quite evident that these marks missed signify a gap in conceptual thought wherein, intentionally, or otherwise, the true components of economics are simply not considered. The core of this gap is not only purposeful human action but firm organization, wherein if economics were the lifeblood, they together would be a fundamental cell, critical for function. Indeed, the ordinal desires of specific ends propagate and are the necessities of transaction and organization, and to this end economics must not only be connected to, but inseparable from, the considerations of ethics. Further still, one cannot possibly consider ethics without the consideration of the stifling and destruction of human action, versus its promotion and growth. On this matter, the considered, “lofty” and, “idealistic” concepts of liberty and non-monopolistic organization reveals themselves as rather integral to the aim of pragmatic analysis and practice of economics. Likewise, the organization of firms and consumers necessarily build upon this, the structures of which dictate specific features for optimal function; the unilateral and asymmetric mechanisms we find most prevalent today counterpose this in an attempt to force prosperity and force growth by dictating reduction and proliferating atrophy. This can be clearly seen from the simple, yet staggering inefficacies of the grand monopolies of this age, to the asymmetric nature of involuntary resource acquisition and the economic mal actions of war. The concept is precisely clear: the monopolistic prescription of activity is not merely ineffective in the context of human organization, but unethical on the grounds of human action; the foundational principles and practice of central planning fail at the very goal it seeks to optimize, and it fails quite spectacularly at it. To effectively describe and communicate the components of organization as we know it, a new description is necessary, one that accurately illustrates the elements underlying our interactions: the foundations of human action, social organization, liberty, justice, ethics, and the fallacies of past and current economic portrayal and practice. What we need is, in fact, a true Unified Theory of Organization, capable of conveying these components and their inextricable interactions. To this end, this treatise is the answer to the ineffable gap in thought that presides over economics. With its tenets, we can march towards a more rational, more ethical, more prosperous, and more free future, and hope that one day a fundamental truth is realized: they are all one and the same.- Duane L. Grant