Here a couple of amazon reviews of my Book Source of Economic Growth, which examines the two most important questions in economics: 1) What is the source of real per capita economic growth, and 2) What caused the industrial revolution? The industrial revolution is important, because it is the first time any large group of people escape subsistence living (Malthusian Trap) and their incomes start to grow. By examining these questions, the book devises a science of economics that is consistent with natural rights, the founding of the United States, and is tied to the biological reality of life.
The Importance of Invention
Dale Halling has authored a well-written and clearly-argued treatise on the importance of “invention” in economic growth. He begins with an accurate summary of ideas from Adam Smith, John Stuart Mill, Ludwig von Mises, Joseph Schumpeter, and John Locke who are viewed as having had good ideas that were not exactly correct, and an accurate summary of ideas of Karl Marx, Thomas Malthus, and John Maynard Keyes as having had bad ideas that were completely incorrect. Then he continues with arguments that recognition and proper valuation and protection of intellectual property has been essential to economic development in various countries. The final chapter is a fictional interview with a patent lawyer from the Midwest (which he is himself) talking about the prosperous future that would occur if government behaves wisely. In that future, laws are based on reason and Wall Street and Washington power are a thing of the past. I highly recommend this book to everyone interested in the subject matter.
John Christmas, author of “Democracy Society”
A Great Place to Start.
The first book on economics that is based on sound reasoning. Economist want be viewed as scientists, but until they incorporate the sound principles of human reason like those found in this book it will forever be a “dismal science” This is a great start in the right direction. It is exciting to think of the human potential once we grasp the proper formulas and processes.
by Tony Stonecypher