Serious readers – especially graduate students in economics – must do themselves a huge favor. They owe it to themselves to read carefully two sections of Frederick G. Lawrence’s Editors’ Introduction of CWL 15,
[CWL 15] Lonergan, Bernard (1999), Macroeconomic Dynamics: An Essay in Circulation Analysis, ed. Frederick G. Lawrence, Patrick H. Byrne, and Charles Hefling, Jr., vol 15 of Collected Works of Bernard Lonergan, (Toronto: University of Toronto Press) [CWL 15]
Section 5: Macroeconomic Dynamic Analysis as a New Paradigm of Economic Theory
Section 6: The Systematic Significance of the Fundamental Distinction Between Basic and Surplus Production and Exchange: A Normative Theory of the Pure Cycle
6.1 Profit
6.2 Interest
6.3 Lonergan’s Critique of ‘Supply-Side’ and Demand-Side’ Economics
Eventual mastery by serious readers of these sections plus the main text will help them secure influential professorships, research grants, board seats and other important advisory positions. They will have the satisfaction of influencing beneficially those with whom they interact professionally and casually.
Two other key works:
[CWL 21] Lonergan, Bernard (1998), For a New Political Economy, ed. Philip McShane, vol 21 of Collected Works of Bernard Lonergan, (Toronto: University of Toronto Press) [CWL 21]
[CWL 3] Lonergan, Bernard J. F. (1957 ) Insight, A Study of Human Understanding, Longmans, Green and Co. Ltd., London; and (1997) Toronto: University of Toronto Press [CWL 3, 1957/1997]