The brief excerpt below is relevant to a) the appreciation of the new science of Functional Macroeconomic Dynamics, and b) the choices of every society as to what its culture is to be. In particular it is relevant to the achievement of liberation and ongoing freedom in currently totalitarian societies. (Also click here and here) Continue reading
Recommended reading for context of Romer’s and Lonergan’s achievements in economics:
Shute, Michael (2009) Lonergan’s Discovery of the Science of Economics, (Toronto, University of Toronto Press Incorporated 2010 [Shute, 2009] Continue reading
Paul Michael Romer is a University Professor at New York University and the co-recipient of the 2018 Nobel Memorial Prize in Economics Sciences.
Both Paul Romer and Bernard Lonergan provided scientific explanations of how the economic process can and should expand. (Continue reading)