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Managed Capitalism?

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Is economy a science? Looking for a real economist willing to answer several general questions about economy.

::::::::

Seven questions about economy:

1) How should societies be economically protected? I am thinking about minimizing damage inflicted by incompetent or dishonest leaders of large corporations. Their mistakes are a burden to society.

2) Is it not true that the macroeconomy became too complex to depend on "the invisible hand of the market?"-  What worked reasonably well in the past might no longer be appropriate.

3) Can macroeconomics be scientifically regulated? What is wrong with the idea of supervising leaders of large corporations?

4) How can such an idea be implemented in a democratic society? How can we make sure that not too much freedom is taken away from individual business owners?

5) How can we coordinate brain power of highly qualified, and honest, economists? What is wrong with counting on them in the same way in which we, as individuals, count on medical professionals and on experts in other fields?


6) Should social engineering ideas (innovations) be tested on a small scale before wide-scale implementation? That is common practice in other kinds of engineering.

7) Planned economy (based on communist ideology) was practiced, behind the iron curtain, for several decades. Did our economists study it?  What  did they learn from it?

 

http://csam.montclair.edu/~kowalski/life/intro.htm

Ludwik Kowalski is a retired physics teacher (Professor emeritus, Montclair State University, New Jersey, USA). He is the author of two recently-published FREE books:

1) "Hell on Earth: Brutality and violence under the Stalinist regime" (more...)
 

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Ludwik by Mark Sashine on Friday, Jan 9, 2009 at 8:04:02 AM
ANSWERS TO YOUR SEVEN QUESTIONS by mike montagne on Friday, Jan 9, 2009 at 11:24:27 PM
Economic innovations by Ludwik Kowalski on Saturday, Jan 10, 2009 at 11:25:10 AM
Blatantly obvious? by Ludwik Kowalski on Saturday, Jan 10, 2009 at 11:41:21 AM
Economic surgery by Jim Eldon on Saturday, Jan 10, 2009 at 3:49:17 PM
Where am I wrong? by Ludwik Kowalski on Sunday, Jan 11, 2009 at 7:50:01 AM
sorry to confuse by Jim Eldon on Monday, Jan 12, 2009 at 8:53:17 PM
Mr. Kowalski you need not be an economic layman! by Steve Groves on Sunday, Jan 11, 2009 at 11:51:54 PM
Mr. Kowalski you need not be an economic layman! by Steve Groves on Monday, Jan 12, 2009 at 12:01:29 AM
Modeling eonomic reality or modeling an ideal system? by Ludwik Kowalski on Friday, Jan 16, 2009 at 10:17:06 PM
Is the field of economis scientific? by Ludwik Kowalski on Saturday, Jan 17, 2009 at 12:58:35 PM
Invisible hand by Ludwik Kowalski on Sunday, Jan 18, 2009 at 5:28:20 AM