Jemajuteidabout 1 year ago
The theory of the Geared Economy points a way out of the present almost worldwide system of the accelerated economy in which infinite economic growth and overconsumption is conditional for stability.
The theory of the Geared Economy recognizes the true nature of money and its limitations
The theory of the geared economy is in contrast with the current worldwide practise of the accelerated economy.
The geared economy aims to reduce the fluctuations in economic activity, to curb unnecessary consumption and to strive towards a more stable standard of living, realised with fewer man hours of labour.
In applying the theory of the geared economy, governments will need to think differently about the ways in which the economy is managed.
Information used to manage the economy will come not from financial parameters, but from measures such as workforce participation, availability of resources and labour productivity.