Table of Topics

Bernard Lonergan’s Goal: Generalization and Practical Precepts for Free People

Acknowledgments and Thanks

Explanation By Gross Domestic Functional Flows To Supplement Description by Gross Domestic Product

Field Theory in Physics and Macroeconomics

Commonsense Economics vs. Scientific Economics

The Economic Process Is The Current Process, Grasped In A Unified Whole, Requiring The Contribution of Academics And Control Theorists

Help Wanted

Prime Minister Wanted

Modern Monetary Theory

Introduction To Treatments of Modern Monetary Theory

Modern Monetary Theory is Backward; It Creates “illegal” Superposed Circuits

So-Called Modern Monetary Theory does not Qualify as Scientific Macroeconomics

FMD’s Take on Greg Mankiw’s Take on Modern Monetary Theory

Alberto Bisin Re Modern Monetary Theory

Conflicting Ways of Viewing the Economic Process

The Animal Organism and the Economic Organism

Lessons From I. Bernard Cohen’s “Revolution In Science”

*Revision of the NIPA into Explanatory Form

*Notes Regarding FRB Monetary Policy and a Theoretic of Credit

*Interest Rates and Payments

*Money: Notes on the Nature and Purpose of Money

Paul Romer’s “Endogenous Technological Change” in Bernard Lonergan’s Framework

So-Called Modern Monetary Theory does not Qualify as Scientific Macroeconomics

FMD’s Take on Greg Mankiw’s Take on Modern Monetary Theory

Modern Monetary Theory is Backward; It Creates “Illegal” Superposed Circuits 

Facing Facts:  The Ideal Of Constant Value Of The Currency vs. The Fact Of Inflation

A Tale Of Two Faulty Circulations

Lessons From I. Bernard Cohen’s “Revolution In Science”

Centesimus Annus

Alan S. Blinder, Wall Street Journal, Wednesday, December 29, 2021

Bloomberg TV and Intelligence Squared’s “That’s Debatable” — “Stop Worrying About National Deficits

Bernard Lonergan, Marx, and Liberty

An Outline Of General Values And Money’s Values

The Role of Philanthropy to Achieve the good of Economic Order: Notes Towards a Normative Economic Model

Seminar on “Critical Thinking in Economics

A Discussion About My Favorite Textbooks

Functions Are Not Seen, But Must Be Understood

A Comparative Note on Einstein’s Special-Relativity Field Theory and Lonergan’s Macroeconomic field Theory

Heuristic → Method → Discovery → Formulations → Coherent Hypothesis and Theory → Verification → Implementation

Lilley and Rogoff Recommending Negative Interest Rates

The Principle of Concomitance: The Foundation of Equilibrium and Continuity

Lonergan’s Laws of Economic Motion

Theoretical Breakthroughs of Euclid, Newton, Hilbert, Einstein, and Lonergan

Two Summaries in Functional Macroeconomic Dynamics

A Contrast: Understanding Pricing in Macrostatic DSGE and in Macrodynamic FMD

Note to System Dynamicists

Quasi-Hydrodynamical Systems

Paul Krugman: Depression Economics

Explanatory Macroeconomic Dynamics; Relevant In Any Instance

The Relativistic Invariant; The Ideal Pure Cycle at the Root of the Aberrant Trade Cycle

New Foundations in 30 Minutes

A McShane Sampler Relevant to Functional Macroeconomic Dynamics

A Burley Sampler

Primary Relativities in the Diagram of Rates of Flow

The IS-LM, AD-AS, and Phillips Curve Models

Functions, Velocities, and the Achievement of Scientific Economics

Lonergan stands alone. No one else systematizes the explanatory functional distinctions.

Why Analyze the Rhythmic Pattern of the Productive Process First?

An Adequate Level of Abstraction and Generalization; A Deeper Explanatory Unity

Prediction is impossible in the general case

The Significance of Burley’s and Csapo’s Characteristic Equation and Its Root Solution

Two Economic Mechanisms, …

Previous “Single Paragraph for Consideration Today”  or “Brief Items”

Textbook Flaws and Deficiencies

Insight Into The “Baseball Diamond”: Discovery For Implementation

Pure Surplus Income; Capital Expansion’s Monetary Correlate

Why Study Peter Burley’s Models?

Why Macroeconomists Don’t Flock to Functional Macroeconomic Dynamics

Five Images

Principles and Pointers; An Invitation to Minds

Imaginary Letter from an Imaginary Billionaire

Practical Precepts for Free People – Consumers, Entrepreneurs, Bankers

Edifice of Formulae

Why and How the Basic Expansion Fails to be Implemented

Sublation and Subsumption; Keynes, Kalecki, Solow

Standard Footnotes

A Note on Disagreeing with Einstein and the Determinists

Harvard Magazine’s Podcast:


Is Functional Macroeconomic Dynamics Easy or Difficult?

Bank of Images