The Sisyphean Economy

9 Pages Posted: 17 Feb 2016

Date Written: February 17, 2016

Abstract

A geonomic remedy for a capital-based economy is introduced; the unproductive role of excessive rent extraction via modern monetary tools is explained. The intricate interplay of assets, liquidity, productivity and the living body economic of humanity is examined in depth. Before the actual paper starts, the origin and nature of capitalism is clarified in five introductory points to serve as primer for the discussion of the economic remedy; three gateways of gradual reform are identified as vital for future economic growth.

Keywords: geonomics; capitalism; rent-seeking; value capture; free trade; labor/entrepreneurship

Suggested Citation

Ternyik, Stephen I., The Sisyphean Economy (February 17, 2016). Available at SSRN: https://ssrn.com/abstract=2733629 or http://dx.doi.org/10.2139/ssrn.2733629

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