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Wealth Without Cost Volume 1

Wealth Without Cost Volume 1


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About the Book

The 3 Branches of Economics: Agriculture, Manufacturing & ServicesIn Wealth without Cost the costless creation of wealth, the creation of economic value without the use of costly inputs are added to the three branches of Economics. The costless inputs that create costless wealth are scarce but cannot be purchased; examples are loyalty, saving in perpetuity, giving, proprietary appropriation, stewardship, altruism and freedom. Mainstream economic doctrine has asserted that assets are either scarce (and thus within the subject area of economics) or freely available (like land, water and air) at various times and in various places and thus outside the subject area. White Alchemy in Economics argues that this distinction omits the important category of assets that are scarce (in that they are not available on demand) but also costless (in that they can not be purchased in the market and may or do have not alternative costly use). Costless wealth creation makes better use of what already exists. It can operate through the improvement of institutions or through the workings of the individual mind. It is destroyed by socialism, corporatism regulation and the intrusion of the state or European Union on the decisions of individuals.

Review :
This, the first volume of a two-volume work, is a study of the economics of costless goods, which are defined as goods that create value but do not require costly inputs (such as traffic engineering, which increases the efficiency of existing assets with negligible cost). Costless inputs are scarce, create value, cannot be purchased, and, the author argues, must be nurtured by free institutions relying on the voluntary principle and eschewing coercion. The volume, which touches upon a range of issues including Christianity and the internalization of virtue as costless goods, voluntary loyalty as a creator of value, the wealth destruction of taxation, the value of stewardship, the "perverse" contradictions of egalitarianism, and the dangers to wealth creation posed by the European Union, evolves into an argument against "big government" and support for economic "freedom." The second volume brings the discussion more explicitly into relation with religion and art. Previously unavailable in the US.--ProtoView


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Product Details
  • ISBN-13: 9780955464256
  • Publisher: Legend Press Ltd
  • Publisher Imprint: The University of Buckingham Press
  • Height: 240 mm
  • No of Pages: 400
  • Returnable: Y
  • Returnable: Y
  • Returnable: Y
  • Weight: 806 gr
  • ISBN-10: 0955464250
  • Publisher Date: 31 Dec 1999
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Returnable: Y
  • Returnable: Y
  • Spine Width: 30 mm
  • Width: 170 mm


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