Economics Actually

Economics Actually: Today and Tomorrow. Sustainable and Inclusive. (Second Edition)

The Second Edition of Economics Actually briefly introduces two-circuit economics. Discovered by Lonergan in the 1930’s, it will become evident that the approach provides the scientific basis for a new standard model in economics.

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Economics Actually introduces a new basis for economic science. Unlike mainstream economics, it begins with facts and data and thus reveals key monetary functions and relations by which to understand any economy and any economic event. The structure is operative in firms of all sizes, from small businesses to global corporations and stock markets. Irrespective of the many areas of inquiry in contemporary economics, Economics Actually focuses on the mechanical structure of economic process.

With a Foreword by Bruce Anderson and Michael Shute: “Quinn and Benton’s tapestry of clear explanations, concrete examples, insightful analyses, sound arguments, pithy criticisms, and sensible suggestions certainly provide the needed basis to get us on our way to conceiving and realizing sane and sustainable economies and lives.” Professor Bruce Anderson, Sobey School of Business, St. Mary’s University, Halifax, Canada. Professor Michael Shute, Memorial University of Newfoundland, St. John’s, NFLD. Author of Lonergan’s Discovery of the Science of Economics, and Lonergan’s Early Economic Research. November 17, 2019.

About the authors,

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.

John Benton (MA. B.Ed. BA) is a scholar and educator. He has published academic articles and books in the philosophy of language, method, and co-authored a book on economics. Benton engages in international outreach to graduate university students.