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This Palgrave Pivot is immensely relevant to current policy debates on poverty, welfare policy, monetary policy, and the impact of automation. Geoff Crocker offers a radical re-interpretation of economic theory, specifically of income, money, and technology.
The book explores alternative economic paradigms, focusing on the urgent need to get adequate income to all households, whilst reducing national debt. Technology is essential for the understanding of economic outcomes, since consumption, production, employment, distribution, and transactions all shift radically with technological change. Major policy proposals include hybrid welfare schemes with reduced conditionality, an element of universal income, and a proposal for direct money financing of government expenditure, all without stoking inflation.
This book will appeal to economists, policy analysts, economic journalists, and others who are interested in radical restructuring of the economy.
List of contents
Chapter 1. On Income .- Chapter 2. On Money .- Chapter 3. On Technology .- Chapter 4. On Policy .- Chapter 5. On Theory.
About the author
Geoff Crocker graduated in economics, followed by a master’s degree in the philosophy of science. He worked internationally in industry strategy for more than 25 years. His previous books include A Managerial Philosophy of Technology (Palgrave 2012) and Basic Income and Sovereign Money: The Alternative to Economic Crisis and Austerity Policy (Palgrave 2020).
Summary
This Palgrave Pivot is immensely relevant to current policy debates on poverty, welfare policy, monetary policy, and the impact of automation. Geoff Crocker offers a radical re-interpretation of economic theory, specifically of income, money, and technology.
The book explores alternative economic paradigms, focusing on the urgent need to get adequate income to all households, whilst reducing national debt. Technology is essential for the understanding of economic outcomes, since consumption, production, employment, distribution, and transactions all shift radically with technological change. Major policy proposals include hybrid welfare schemes with reduced conditionality, an element of universal income, and a proposal for direct money financing of government expenditure, all without stoking inflation.
This book will appeal to economists, policy analysts, economic journalists, and others who are interested in radical restructuring of the economy.
