The ABC of Modern Economics
Book Details
Author(s)Oswald Mosley
PublisherBlack House Publishing Ltd
ISBN / ASINB007A6TQPW
ISBN-13978B007A6TQP9
MarketplaceFrance 🇫🇷
Description
Oswald Mosley believed that modern economics not only had the power to free people from the poverty of the ‘Hungry Thirties’ but to create the most prosperous civilisation the world had ever known.
Properly understood and applied, it could harness science and technology to increase the power to produce – and prevent recurring recession and inflation which rob working people of their rewards.
In his pre-War ‘ABC of Modern Economics’ Mosley describes with simple clarity a new economic system that would synthesise the need for enterprise and incentives, normally associated with capitalism, with the social justice inherent in orthodox socialism.
This, he claimed, could only be achieved under strong and effective central government with the power to act firmly if sectional interests of Left or Right attempted to undermine the will of the electorate.
Mosley also explains why a new government dedicated to the peoples’ interests would be needed to make certain that the benefits of automation are properly applied. It would ensure increased production would be matched by increased wages – rather than allowing owners of industry to use enhanced productivity to increase profit by reducing their work force.
The lessons of ‘The ABC of Modern Economics’ are as relevant today as they were then.
Properly understood and applied, it could harness science and technology to increase the power to produce – and prevent recurring recession and inflation which rob working people of their rewards.
In his pre-War ‘ABC of Modern Economics’ Mosley describes with simple clarity a new economic system that would synthesise the need for enterprise and incentives, normally associated with capitalism, with the social justice inherent in orthodox socialism.
This, he claimed, could only be achieved under strong and effective central government with the power to act firmly if sectional interests of Left or Right attempted to undermine the will of the electorate.
Mosley also explains why a new government dedicated to the peoples’ interests would be needed to make certain that the benefits of automation are properly applied. It would ensure increased production would be matched by increased wages – rather than allowing owners of industry to use enhanced productivity to increase profit by reducing their work force.
The lessons of ‘The ABC of Modern Economics’ are as relevant today as they were then.
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