A FREE Ten week Foundation Course in Economics with Justice.
Can viewing economics as a human study – through the prism of justice, fairness and natural law – help us better understand our world? Economics with Justice seeks to show that freedom and prosperity are possible for people everywhere, providing we follow economic laws and aim for a fair outcome from economic arrangements.
This non-specialist course is aimed at the interested citizen. It helps make sense of what is happening in the world, and explains how economics could facilitate universal prosperity without exploitation of people or the planet. It considers the fundamentals of production and distribution of wealth, boom and bust, money and credit, markets and trade, land use and ownership, the structure of society, and the effects of taxation.
10 week course outline
Capital, Capitalism and Markets
The Production and Division of Wealth
The Magic of Money
Credit and Banking
Can tax be fair?
Justice and Taxation
Economics with Justice Term One: Foundation Course Outline/
Session 1 – Humanity meets the Universe – The course begins by reviewing our current situation and the importance of the need to establish justice in the field of economics. It then goes on to show how economics begins with the interaction of humans with nature.
Session 2 – Capital and the Production of Wealth – The production of wealth is presented as a cycle of transformation of naturally occurring material and importance of the use of capital is emphasized. Exchange and the way it works through the market is then explored.
Session 3 – The Importance of Location – Location has a huge impact on economic productivity and this has significance for the way economies develop
Session 4 – Credit and Banking – Without credit economic activity would be held at the most rudimentary level. This session shows how genuine credit works using micro-credit in Bangladesh as an illustration. It then considers the importance of civil society as the context in which economic activity takes place.
Session 5 – The Magic of Money -This session explores money, what it is, how it is created and how it works in a modern economy.
Session 6 – Distribution of wealth – This session explores the distribution of wealth by considering both the natural laws and the effect of man-made conventions
Session 7 – Taxation – National governments need revenues to be able to govern but the means by which revenues are raised can have significant economic effects. This session explores the effects of the present tax system on the health of the economy.
Session 8 – Justice and Public Revenue – The possibility of collecting public revenue in accord with natural law and justice is examined using Hong Kong as a case study.
Session 9 – International Trade – This session firstly addresses the arguments for and against free trade and then moves on to show how cycles of boom and bust are the inevitable outcome of today’s economic arrangements.
Session 10 – Economics with Justice – This final session looks at the possibilities that the application of just economic principles offers for the future of humanity.