U. S. Government
US Schools of Economic Thought
Redistribution
Some times the economy doesn’t work as in the case of market failure. When supply and demand doesn’t work. In many cases we can fix this situation through redistribution. The government, religion or charity may reallocate society’s resources.
Religion
Donations
Government
Taxes
Charity
Gifts
Math Pyramid
Using the math pyramid we can look and see what’s under the United States business cycle. Using the above chart. We have 10% capital, 10% land and 80% labor. With these results it’s hard to call ourselves capitalists.
Index of Economic Freedom
The Index of Economic Freedom rates the world’s countries. The top of the list (left) rates the most free country. The bottom of the list is the least free country (right). The most free country does not make it the best country. Just the most free country. We can use this list to compare our economic system to our political system. Then we can compare our system to the other economic and political systems in the world.
Under The Business Cycle
We are what’s under our business cycle. Looking at the graph in 2003. We are calling ourselves a capitalist economy. However, only 10% of our production comes from capital (machines). The next 10% of our business cycle comes from land. An astounding 80% of our production comes from labor. We may want to think about what we are calling ourselves, eh comrade. The Donald may be right. We may have to bring our machines (jobs) back from China, India, Mexico, and Canada. (See Math Pyramid)
The Worlds Economic Systems
Compare and contrast the world’s economic systems. All the world’s economic systems are based on our scarce resources: land, labor and capital. Check your country and see where it belongs from the right to the left, from Totalitarianism to freedom. (Index of Economic Freedom)
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