Global Dynamic Efficiency (Towards a Long-Term Strategy)
Stephen I. Ternyik
Social Science Economist (-1985) Researcher/Entrepreneur
Please cite the paper as:
Stephen I. Ternyik, (2016), Global Dynamic Efficiency (Towards a Long-Term Strategy), World Economics Association (WEA) Conferences, No. 1 2016, Capital Accumulation, Production and Employment:, 15th May to 15th July 2016
Geonomic thought is introduced as a long-term strategy for global dynamic efficiency. The great economic calculation paradox is the progressive quantity of rent in a capital-based economy, thus leading to the human condition of a Sisyphean economy. The legal remedy is to primarily tax economic rent and to converting it into public revenue. This is a matter of survivalist rationality and morality, i.e. to bend the arc of capitalism towards the territorial and natural laws of human economic activity, with economic growth & distributive justice as rational and ethical imperative of mutual life & trust.