One Week Bootcamp
Restricted to persons with solid backgrounds in mathematics and the natural sciences
Topics
- The difference between commonsense description and explanatory science; and between commonsense slogans and sound theory; the notion of explanatory conjugates
- The exigence for a normative theoretical systematics
- Functional analysis of interdependent velocities in explanatory macroeconomic science
- The idea of implicit definition fixed by insight
- The theories of fluid dynamics and electromagnetics
- Continuity
- Equilibrium
- Concomitance
- Solidarity
- Intensity
- Velocitous and accelerative
- etc.
- Other analogies from physics; similars are similarly understood
- The nature and purpose of money
- The role of credit to expand the money supply for theoretically legitimate expansion
- The magnitudes-and-frequencies theory of the velocity of money; initial payments, transitional payments, final payments
- Differential equations necessary to explain a dynamic process constituted by functional interdependencies
- Explanation constituted by abstract primary relativities and concrete secondary determinations from a non-systematic manifold
- What constitutes Modern Field Theory in macroeconomic dynamics
- The structure of the dynamic economic process of production and exchange
- The intrinsic cyclicality of the process and the impossibility of prediction in the general case
- Macroeconomic Field Theory
- Analytic distinctions as the foundation upon which to build an explanatory Macroeconomic Field Theory
- How the channels of the Diagram of Rates of Flow account for booms and slumps, for inflation and deflation, for changed rates of profit, for the attraction found in a favorable balance of trade, the relief given by deficit spending, … [CWL15, 17]
- The notion of so-called “profit”
- The interest rate not an external lever
- The ideal pure cycle for which the system has an exigence
- The theoretical role of philanthropy
- Divergences from norms necessitating a systematic correction
- The deficiencies of present-day economics; specific errors of particular “schools” and “isms”
- The errors and perils of Marxism and so-called Modern Monetary theory
- Culture as constituted by technology, economics and policy
- We the people constituting the private sector and acting in the person of the House, Senate, U.S. Treasury, and Federal Reserve Board
- The vital need for revision of the National Income and Product Accounts into explanatory form
- The Good of Order