One of the most difficult and interesting questions in the theory of the grants economy is the treatment of implicit…
Category: Social en
Instruments for Increasing or Decreasing Aggregate Demand
It is impossible to implement any type of policy without producing some implicit grant effects, and these effects are rarely…
The System of Price Controls
Quantitative restrictions through price and wage controls almost inevitably produce “black markets,” where exchange takes place either in illegal quantities…
An Economy Without Grants
In an economy without grants, income can only be received through exchange, that is, through the sale of some asset,…
National Product and Its Relationship to Grants
The most fundamental concept is that of gross national product, or GNP, which is made up of all the goods…
The Problems of Evaluating Grants
The most important and difficult problem is how to evaluate both grants and exchange, in all their complex and branching…
Grants and Their Influence on a Country’s Economy
There have been substantial rates of economic growth, especially in the richer countries, and although poor countries have not benefited…
Grants and Their Political Importance
The artificial nature of grants has political importance because it means that political conflict rests to a large extent on…
Grants: Similarities and Differences with Charity
The most evident problems that seem to require the concept of the grant as a basic framework are related to…
Grants Adapt Easily to Multipartite Relationships
Grants adapt easily to multipartite relationships. In fact, they are the main creator of large-scale organizations. A hierarchy, for example,…