Practical Precepts for Free People – Consumers, Entrepreneurs, Bankers, Investors

On ensuing pages we list precepts mandated by a non-political, scientific Functional Macroeconomic Dynamics. The precepts are practical precepts for free people.  Prior to that list we cite several passages used as the basis for the precepts.

It is the viewpoint of the present inquiry that, besides the pricing system, there exists another economic mechanism, that relative to this system man is not an internal factor but an external agent, and that the present economic problems are peculiarly baffling because man as external agent has not the systematic guidance he needs to operate successfully the machine he controls. [CWL 21, 109] (continue reading)

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