Wednesday, July 29, 2009

One Lucid Diamond...

(Early preview of Paul Davidson's new book; 'The Keynes Solution, The Path To Global Economic Prosperity')
(New) Global Financial Crisis__Placebo Effects, by Satyajit Das
(New, Aug. 15) Lunch with the FT: Larry Summers, By Chrystia Freeland

America’s seminal economist, Dr. Paul Davidson, has written the clearest vision of money and math mechanics, to date. Not since the 18th century’s true mathematical logicians, De Morgan, Jevons, Clifford, Peirce and Veblen, have scientific ideas of logic, money and math mechanics been laid so clearly before our eyes. Mr. Davidson begins with a simple explanation of a true scientific method, any high school student can easily understand, then exposes the fallacies in relation to and of the classical economists’ and mathematicians’ mistakes, of economic model mis-applications and mis-interpretations of. He reveals his entire thesis in a simple dialectic method any gifted 5th grade student could understand, by keeping the technicalities to his other 22 published books, and some 200 articles. Never before, in the history of economics, has so much been revealed by such a simple, yet scientific, method.

As an example, Mr. Davidson, shows how the ‘universal’ facts, habits and ambitions of money, control the ‘particular’ events of all economic history. He does this by revealing Keynes’ true vision of how all nations’ balance of payments’ imbalances and hoarding, actually starves the world of its productive employment potential. This is truly where all macro-economic theses should start, yet sadly almost all other classical macro-economists see not the forest for the trees. It’s taken America’s yet unrecognized genius, Paul Davidson, to point this very fact out. He further exposes this first and foremost generating problem, creating the other unrecognized problems’ mechanics with and in ‘the ergodic theory’, ‘the neutrality of money theory’, ‘comparative advantage theory’, ‘free-trade theory’, ‘efficient market theory’, ‘the incompatibility theory of mobile money and full employment’, and all really generated from the fundamental ‘balance of payments’ imbalances and hoarding theory and facts’, just as Keynes originally stated and implied them, in his total works, published and unpublished, private and governmental letters, etc.

After clearly and succinctly showing the relationships between true Keynesian theories and facts, against classical mis-interpretations of the same theories and facts, Davidson easily explains his extended Keynesian solution, to the world’s present problems. This is done through his recognition of the world’s need for not only a new ‘re-regulation of financial markets and trade’, but also his, as it was Keynes’, call for a new ‘international financial architecture’, to rebalance the world’s prices, money and currency contracts. Davidson has updated Keynes’ ideas to a 21st century feasible plan of fundamental economic and highly possible political actions, the world sorely needs.

Never before has an economic book impressed me as much as this little treatise, as I see it having the potential of reaching not only the academic economists, but most all political, academic and intellectual elites, along with many private citizens. This is what the nation and world really and truly needs__a clear and concise manual to explain and solve the world’s massive problems. Davidson has succeeded as no other in accomplishing this job…

…autodidactic, polymathic economist, logician, etc…

Wednesday, July 22, 2009

The Great Mathematical Instincts__P=NP

The Keynes Solution, The Path To Golbal Economic Prosperity, by Paul Davidson
The Great Mathematical Instincts__P=NP

"Two things here are all-important to assure oneself of and to remember. The first is that a person is not absolutely an individual. His thoughts are what he is "saying to himself," that is, is saying to that other self that is just coming into life in the flow of time. When one reasons, it is that critical self that one is trying to persuade; and all thought whatsoever is a sign, and is mostly of the nature of language. The second thing to remember is that the man's circle of society (however widely or narrowly this phrase may be understood), is a sort of loosely compacted person, in some respects of higher rank than the person of an individual organism." (5.423)2 C.S.P. Continue...

Wednesday, July 15, 2009

Equilibrium /|\ Efficiency /|\ Ergodicity...

Tell me, what do you think it’s going to take to reach the ‘Washington Consensus’, etc., crowd about the realities of the Equilibrium, Ergodic and EMT Theory fallacies?

(NEW TRUTH) The Great American Bubble Machine, by Matt Taibbi


Thanks to Mr. Davidson the world may still have a chance to awaken from its long classical economics slumber. It's truly a shame that the information to right the world's wrongs has existed since Plato, yet the world chooses to listen to defunct ideological classical, orthodox conflation mongers, instead of a sound mathematical economist like Paul Davidson. He started his career as a mathematical chemist, so he certainly understands better the real world mathematics underlying our economic problems.

I've often asked why the world can't understand the simple concepts of 'equilibrium', 'efficiency' and 'ergodicity' maths. It seems that when philosophers, physicists and economists take hold of these simple mathematical ideas, they thoroughly conflate their true meanings to a complete inversity of the realities involved. It's truly time for de-conflation.

Davidson and many others have been trying to right this capsized boat for many years, with little understanding from the mainstream communities, of the seriousness of the issues involved. It's really not to difficult to study mathematical history to uncover the truths of what Mr. Davidson speaks, compared to what the "Washington Consensus" herd bleats out. We need more minds of the soundness of Paul Davidson...

Equilibrium /|\ Efficiency /|\ Ergodicity
/|\ = Logic symbol for 'not same, yet related'
"Truth tends toward itself, til it tends away". My quote for true ergodicity.
The Triadic Maxim___Any Idea; “Arithmetically check all possible effects, against all possible premeses, and the combined results will be the total actions of the idea.” me

Sunday, July 12, 2009

Risk of Major Social Upheaval Likely if Bank Bonanza Continues...


(NEW) CHIPS is shrinking more than in its history. Half year numbers...

A little economic and financial truth by my favorite economist, Marshall Auerback...(full article here)

...Obama, Geithner, and Summers misguided...

...My issue with Obama and his fiscal package is the same as Rob Johnson's: taxpayer money is being deployed in hugely inefficient ways like Citi, BofA, AIG, and GM and discrediting fiscal policy in the process. Contrast this with the achievements of the New Deal. As Adam Cohen in his new book, 'Nothing to Fear'.

"[WPA] workers constructed or repaired more than 125,000 buildings, including 83,000 schools; 800 aiports; 950 sewage plants; and 650,000 miles of roads. They built or improved 78,000 bridges and 25,000 playgrounds; terraced 271,000 acres of eroded land; and taught two million people to read. They also ran a famous Federal Art Project, which hired destitute artists to create murals for public buildings, posters, and paintings. The WPA produced a highly regarded series of state guidebooks and an acclaimed collection of interviews with former slaves, and it played a major role in building the San Antonio Zoo, New York City's LaGuardia and Washington's Reagan airports, and the presidential retreat at Camp David. In 1965, on the program's thirtieth anniversary, The New York Times quoted a dispossessed North Carolina tenant farmer living in an abandoned gas station, who had been rescued by a WPA job. 'I'm proud of our United States, and everyting I hear The Star Spangled Banner I feel a lump in my throat,' he said. 'There ain't no other nation in the world that would have had the sense enough to think of WPA."...

Friday, July 10, 2009