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| How to Save Free Enterprise | | Author: | Arthur Olaus Dahlberg | ISBN: | 0815957084 | Format: | Handover | Publish Date: | June, 2005 | | | | | | | | | Book Review | | |
Richard Stanton Rimanoczy "How to Save Free Enterprise" could well turn out to be the base book from which the libertarians of the world proceed to counterattack excessive governmentalism in its many forms. In originality, profundity, lucidity, mastery of the analytical method, and freshness of approach, this book will find few equals in economic literature. It is an explosive breakthrough into overlooked economic areas."
John Chamberlain, from the Foreword This "is a profoundly interesting and thought-provoking book. The anaylsis in the book is superb. Dahlberg has the seeing mind par excellence. A student of John Maynard Keynes, who can both appreciate and see beyond the master, Dahlberg accepts the Keynesian proposition that depressions result when the savings-investment ratio gets out of whack. But Dahlberg concerns himself with how to tickle savings into productive motion without invoking the heavy hand of the state. There would be no tax involved; the government would be kept out of it. There is much more than a cure for postponable investment money in Dahlberg's book. The historical sweep of the book is magnificent."
Book Description In 1974 Dr. Dahlberg, then director of the visual Economics Laboratory at Columbia University and chairperson of the Board of the U.S. Economics Corporation, and author of five books, presented this book as a "workable plan for preventing current money savings from slowing down their re-entry into the markets." Without modifying in the least the appearance or design of the currency or checkbook money that we now use, Dahlberg would, nonetheless, ingeniously cause that money to have an ownership cost. The author reasoned that if, for business stability, all recipients of income must, as a group, turn around and disburse it at about the rate at which they get it, then we should use a money that is designed to facilitate such continuity. If we do not do so, Dr. Dahlberg maintained, we should continue to have a steady extension of government effort beyond the area where it properly belongs, and get into problems which arise only because the aggregate private monetary ! demand for goods is often exercised tardily. Dr. Dahlberg said, "Most of the eight recessions since 1929 were preceded by booms in capial investment. The laws and rules that envelop the bargaining that goes on in the marketplace had favored the accumulation of income in the form of savings to such an extent that it had periodically enabled investment to become excessive in relation to the buying power of the end market so that plant and equipment orders periodically collapse. I was determined to seek out the defect in the laws and rules circumscribing the bargaining that goes on in the market--the defect that was chronically preventing balanced income distribution--and then to find some non-bureaucratic means for improving the balance between investable savings and consumer buying power. That is what this book is all about."
About the Author Arthur Olaus Dahlberg writes out of an unusual background of training in economics, sociology and engineering and of experience in business, government and teaching. During 1940-1944 Dahlberg was active in New York as a business consultant. In 1944 he organized the well-known consulting and research firm, the U.S. Economics Corp. In his consulting work, Dr. Dahlberg has made extensive use of a unique graphic technique which he developed as a ready means for clarifying economic processes and policies. Because of the efffectiveness of the technique a s a teaching tool, Columbia University, with the financial support of the Alfred P. Sloan Foundatoon, established in 1951 the Visual Economics Laboratory of which Dahlberg was made director.
How to Save Free Enterprise
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