The Public Lecture
What is economic process?
Two-flow economic process explains how economies work. It accounts accurately for the health of any economy. It adverts to the fact that there are five monetary functions. In basic and surplus production there are the basic and surplus supply and demand functions, respectively, and a remainder class of redistributive transactions that include the stock market, and other second-hand trade, and that also facilitate international trade.
Why does economic process
need to be understood?
Understanding economic process breaks the destructive cycle of contemporary economic teaching and the dysfunctional behaviour imposed on free market practice. Both of these practices contribute to ongoing geopolitical tensions among global economies. Both take for granted the legitimacy of current economic models, metrics and strategies that overlook what an economy is and how it works. Both fail to account accurately for the health of any economy, either locally or globally. Both inevitably exacerbate ongoing crises of surging financial stresses, fragmentation of trade, endemic international debt, and poverty.
How will understanding economic process
benefit the world?
Understanding of economic process will safeguard an economy that is inclusive and sustainable. Understanding of economic process will safeguard an economy whose sole purpose is to serve people and make everyone’s life livable. Future economists will be stewards of local and global economies. Future politicians will be facilitators of wise economic counsel, free of the burden of assuming direct responsibility for securing and maintaining economic well-being. In this way, the guidance of local and global economists will contribute to the dissolution of counter-intuitive divisiveness and undermine the opportunity for peculation that routinely erodes trust in our political institutions.
Who are some of the major influencers on the global economy? How do they operate?
What challenges affect how economics
is taught and practiced worldwide?
What is Bent On Futurology?
Bent On Futurology and its YouTube affiliate, “Bent On Futurology Economics Education”, is an online outreach to international communities and institutions. Its aim is to communicate a secure basis for sustainable human dignity in the long term by introducing fresh solutions to concrete problems in education and economics. It practices a new kind of journalism, a fusion of journalistic and scholarly writing that not only appeals to a wide audience, but also avoids implied simplification.
The content of Bent On Futurology and its YouTube affiliate is intended strictly for educational purposes, and is entirely free and independent of any partisan political and ideological bias.
More about fresh solutions to practical problems in education and economics.
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