[GJM] #847, Fw: Principles Of Economics, 1982, GUNNAR TOMASSON

[wesburt at juno.com]

Dear Gunnar, 

I have enjoyed your exchange with Dirk on 
Principles Of Economics. Thank you for 
attaching your 1982 paper on that subject.
It is refreshing to hear some one else speak 
about those aspects of political economy 
which are conspicuously absent from our 
public debate; Adam Smith's great wheel of 
commerce, Circular-flow analysis, and Say’s 
Law.
For the benefit of my readers, if any, I have 
attached your 1982 paper and inserted one 
comment/question in section (5.) "Circular-
flow analysis." My final question is: If USA 
removed the 3-4% of GDP bias toward 
depression in the public sector of the real 
economy (1898 to date), would our market 
traders in the speculative economy object?

My goal, since 1969, has been a conception 
of the whole economy (real and speculative) 
that could generate the profiles in attached 
figure2-3g.gif, particularly the dwell of M1 at 
$1,200 Billion for the eight years from 1994 
to 2002, and, the great change in 1898 from 
1.2% deflation to 3.2% inflation.

If you find the topic worth discussing, perhaps 
Arno can be persuaded to distribute my posts 
to Gang11.

Kind regards,

Wes Burt

   TOP and TWP are cognoscible by sixth graders from
         Fig. 7-9.gif on Dr. W. Curtiss Priest's web site:
          <http://www.epie.org/cyber-soc/default.htm>
 TOP = 100% Capitalism --- TWP = 0 to 50% Capitalism
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