1000 Castaways, Chapter 3: Balancing the Two Systems

(←Chapter 2    Chapter 4→) Balancing The Two Systems IN THE INTRODUCTION WE discussed how, in order to maximize their material wellbeing, a small group of people would want both to organize their private activities and their group activities efficiently. This is relatively easy with ten people but becomes exponentially harder as a group scales up … Continue reading 1000 Castaways, Chapter 3: Balancing the Two Systems

1000 Castaways, Chapter 2: System Two

(←Chapter 1       Chapter 3→) Chapter 2 System Two SO FAR WE HAVE SEEN how a system can emerge naturally that functions to help individuals better coordinate the use of real resources and thus increase the private production of society overall (Chapter 1). This increases the production of real goods and services for everyone. … Continue reading 1000 Castaways, Chapter 2: System Two

1000 Castaways, Chapter 1: System One

(←Introduction       Chapter 2→) Chapter 1 System One A  FLEET OF A THOUSAND COLONISTS are blown off course for weeks by a series of violent cyclones, eventually crashing onto the reefs of a large uncharted island. All of their ships and provisions are lost to sea. They wash ashore, all surviving the stormy … Continue reading 1000 Castaways, Chapter 1: System One

1000 Castaways: Introduction

(Waterstones, Amazon, Barnes & Noble, Dymocks; available for order through any bookstore and as epub or Kindle/Nook, Apple etc.) From ancient times there emerged two systems for coordinating the optimal use of real resources in an economy One coordinates the private use of factors of production Another coordinates group decisions to carry out group projects … Continue reading 1000 Castaways: Introduction