Introductory
Our concern, as always, is to understand and verify how money should circulate to meet the rectilinear primary process of production and sale. We seek a normative theory which scientifically explains, rather than merely describes, the current, purely dynamic economic process. The scientific explanation will be in the form of the objective relations of explanatory velocities and accelerations to one another. These explanatory conjugates will be abstract correlations defined by their functional relations among themselves – rather than descriptions – no matter how literary and vivid – of conditions, states, and events as they are related to us and affect us for better or worse. Our goal is to achieve a scientific explanation yielding norms to which we must adapt. (Continue reading)