Logic and Economics
- Free Growth and Other Surprises
- Indbinding:
- Paperback
- Sideantal:
- 226
- Udgivet:
- 18. oktober 2018
- Størrelse:
- 229x152x12 mm.
- Vægt:
- 308 g.
- 8-11 hverdage.
- 26. november 2024
Normalpris
Abonnementspris
- Rabat på køb af fysiske bøger
- 1 valgfrit digitalt ugeblad
- 20 timers lytning og læsning
- Adgang til 70.000+ titler
- Ingen binding
Abonnementet koster 75 kr./md.
Ingen binding og kan opsiges når som helst.
- 1 valgfrit digitalt ugeblad
- 20 timers lytning og læsning
- Adgang til 70.000+ titler
- Ingen binding
Abonnementet koster 75 kr./md.
Ingen binding og kan opsiges når som helst.
Beskrivelse af Logic and Economics
Simply put, this book is about my personal ideas in economics. It's about lessons learned from my father, J. Paul Getty, as well as my own experiences. I love the free market and the chance to prove ideas, and the fact that innovation is changing the world as we know it.
While science tends to predict the rule from the data, philosophy tends to reverse the direction. The bottom-up scientific method doesn't get far in economics because market data reveal little about human capital, which is some two-thirds to four-fifths of all capital in most judgments including mine, beyond its rental cost in pay. The best economics can do is feel its way in the dark from assumption to prediction, as a rule, and then look for ways to scrape together enough market data for a test.
This book covers my personal theories about the following topics:
Bank Devolution
Depreciation Theory
Free Growth Theory
Inflation-Protected Dollars (DIPS)
Market Money
Next Generation Theory
Depreciation Recovery Rule
Risk Theory
Output Rule
Pay Rule
As you read this book, you may or may not agree with me, and that's okay by me. But perhaps you will discover a new perspective on an old theory.
About the Author:
The music of the American composer Gordon Getty has been performed in such prestigious venues as New York's Carnegie Hall and Lincoln Center, London's Royal Festival Hall, Vienna's Brahmssaal, and Moscow's Tchaikovsky Hall and Bolshoi Theatre, as well as at the Aspen, Spoleto, and Bad Kissingen Festivals. Getty was the subject of the 2016 documentary film There Will Be Music, by director Peter Rosen. PBS broadcast the film around the country in 2017. His music is published by Rork Music. Learn more: www.GordonGetty.com.
While science tends to predict the rule from the data, philosophy tends to reverse the direction. The bottom-up scientific method doesn't get far in economics because market data reveal little about human capital, which is some two-thirds to four-fifths of all capital in most judgments including mine, beyond its rental cost in pay. The best economics can do is feel its way in the dark from assumption to prediction, as a rule, and then look for ways to scrape together enough market data for a test.
This book covers my personal theories about the following topics:
Bank Devolution
Depreciation Theory
Free Growth Theory
Inflation-Protected Dollars (DIPS)
Market Money
Next Generation Theory
Depreciation Recovery Rule
Risk Theory
Output Rule
Pay Rule
As you read this book, you may or may not agree with me, and that's okay by me. But perhaps you will discover a new perspective on an old theory.
About the Author:
The music of the American composer Gordon Getty has been performed in such prestigious venues as New York's Carnegie Hall and Lincoln Center, London's Royal Festival Hall, Vienna's Brahmssaal, and Moscow's Tchaikovsky Hall and Bolshoi Theatre, as well as at the Aspen, Spoleto, and Bad Kissingen Festivals. Getty was the subject of the 2016 documentary film There Will Be Music, by director Peter Rosen. PBS broadcast the film around the country in 2017. His music is published by Rork Music. Learn more: www.GordonGetty.com.
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