Logic and Economics: Free Growth and Other Surprises

Overview

Simply put, this book is about my personal ideas in economics. It's about lessons learned from my father, J. Paul Getty, as well as my own experiences. I love the free market and the chance to prove ideas, and the fact that innovation is changing the world as we know it.

While science tends to predict the rule from the data, philosophy tends to reverse the direction. The bottom-up scientific method doesn't get far in economics because market data reveal little about human capital, which is some two-thirds to four-fifths of all capital in most judgments including mine, beyond its rental cost in pay. The best economics can do is feel its way in the dark from assumption to prediction, as a rule, and then look for ways to scrape together enough market data for a test.

This book covers my personal theories about the following topics:

Bank Devolution
Depreciation Theory
Free Growth Theory
Inflation-Protected Dollars (DIPS)
Market Money
Next Generation Theory
Depreciation Recovery Rule
Risk Theory
Output Rule
Pay Rule

As you read this book, you may or may not agree with me, and that's okay by me. But perhaps you will discover a new perspective on an old theory.

The book, Logic and Economics: Free Growth and Other Surprises [Bulk, Wholesale, Quantity] ISBN# 9781935953968 in Paperback by Gordon Getty may be ordered in bulk quantities. Minimum starts at 25 copies. Availability based on publisher status and quantity being ordered.