This is the first part of a two-volume set on Concordian economics, a new paradigm whose core completes the Aristotelian-Aquinian project of economic justice. The book delves into the history of economics and presents Concordian economics as a response to the concerns and shortcomings of mainstream economics. Demand-side economics is represented in the process of consumption—the expenditure of monetary wealth to acquire real wealth and financial wealth of a different nature. In contrast, supply-side economics is represented in the production process, the process of producing real wealth, e.g. tables, chairs and foodstuffs. Institutionalists will also welcome this book because it ties the world of real wealth to that of monetary wealth through the process of distributing the value of ownership of both monetary and real wealth as they are created. The book begins with an introduction to Concordian economics, followed by a discussion of how to restore relevance to the field of economic studies. It also presents a revision of the Keynesian model designed to gradually address the major social, economic, and political causes of discord. Moreover, the author warns against the separation of economics from the world of physical things as well as the world of legal and moral issues. Following a discussion on the measurement of real wealth, econometrics is introduced in accordance with the categories of Concordian economics. Lastly, the book develops a theory of economic justice by defining a set of economic rights and responsibilities that guide economic behavior and policy. This book appeals to scholars and students of economics and related fields, as well as anyone interested in reintegrating economics into the social context.

What are you waiting for, dear Reader? Get up and grab that prize that you have so long longed for: Economic freedom through economic justice for all. Certainly, there are a few more things you may want to learn and put into practice. But start with solving the most urgent problems first: cancel all uncollectible debts on a systematic basis every seven years; do ask your Central Bank to adopt the three recommendations of Concordian monetary policy: issue loans only for the creation of real wealth; issue loans for the benefit of every participant in the borrowing enterprise; issue loans at cost. All the rest will be so much easier to attain. As it is said in the books of wisdom, a journey of a thousand leagues starts with the first step.

The more hoarding, the less investment. The more hoarding, the more inflation. The more hoarding, the more poverty. Carmine Gorga

This paper offers the bare bones of the logic, non-linear mathematics, and fractal geometry used in the transformation of the “dismal science” of economics into The Economics of Jubilation.

For the creation of Concordian econometrics, this paper offers a synthetic view of some technical characteristics of Concordian economics, a new field of research that yields an advanced understanding of the complexities of the economic process, including bubbles, for three fundamental reasons: First, Concordian economics integrates into its analysis hoarding, defined as all wealth that has zero use rate. Second, Concordian economics uses the mathematics of modern science and engineering: non-linear mathematics and fractal geometry. Third, Concordian economics looks into the “black box” and studies the economic process, not as separate events, but as a systems dynamic unit.

Both Keynes' and Hayek's shared the belief that there existed a need to revisit the economic discourse that began in the thirties and involved their respective analyses of growth and the business cycle. This paper looks at these topics and discovers some of the deep methodological, cultural, substantive, and ideological roots of the chasm that existed between Keynes and Hayek. The reasons for the chasm are understood with the aid of Concordian economics, a framework of analysis through which prism both Keynesian and Austrian economists might finally have a serious conversation with one another.

A handbook of religious information, with special reference to the history, doctrine, work and usages of the Lutheran Church.