This is a second book in two-circuit economics. Teachers, scholars and economists eventually will need to make progress in two-circuit economics, beyond elementary insights invited by already available introductory sources.

The present book is intended to facilitate such further development. It does not break new ground, as such. It is a beginning in fleshing out some technical aspects of Lonergan’s fundamental results compactly expressed in For a New Political Economy (University of Toronto Press, 1998).

Eventually, most any economist with foundations in two-circuit economics, and some experience in modern applied mathematics will, without too much difficulty, be able to make similar or better advances in heuristics of two-circuit economics. But perhaps this book will help shorten their labor.

Advances in Heuristics of Two-Circuit Economics focuses on the “mechanical structure” of economic process. Results are intended to be concretely heuristic. In order to correct technical errors, resolve differences, and better determine what has been occurring (or not) will not be a matter of comparing terms and arguments with those found in mainstream models. It will, rather, require adverting to economic data obtained in actual economic situations.

About the author,

Terrance Quinn (PhD, MSc, BSc) is Professor Emeritus (2018) in Mathematical Sciences, Middle Tennessee State University. He has published in, among other areas, mathematics and philosophy of science. In recent years, Quinn has been studying and writing on the economic theory discovered by Bernard Lonergan. He gives conference presentations internationally.