25 May 2023

The Definition of Economic Value

Watch on Rumble or dial-in here: (267) 807-9605, access code 536662#

The solution of the collapsing world financial-economic system emerges from the highest principles of physical economy developed by Lyndon LaRouche. We have discussed and will continue to discuss Potential Relative Population Density. In his book, So, You Wish to Learn All About Economics? LaRouche presents us with “The Definition of Economic Value,” and its related brilliant idea of “the free energy ratio.”

Mastering this idea will give us the power to reconstruct the United States and the world.

Join me May 25 at the Fireside Chat as we study Chapter 4 of So, You Wish to Learn All About Economics, titled, “The Definition of Economic Value.” Invite your friends to join us.

Click below for the print of that chapter:

So You Wish Chapter Four (1.26 MB)

US Population 331.9 Million people in 2021. 3 Primary Age groupings.

Free Energy Ratio S'/C+V is Rising. S' =Free Energy. C+V =Energy of the System

Overhead: D - Economic - Institutional - Waste

The Definition of Economic Value. Fireside Chat May 25, 2023 with Richard Freeman

Related Content

Memorial Day, the Mystic Chords of Memory, and JFK’s Highest Political Art

May 29—Memorial Day is not about choosing between celebrating a day off to eat hog dogs or feeling sad for a moment about those who gave their lives for a cause. Abraham Lincoln, in his First Inaugural address, best captured how memorial days for those who fought for the country actually works, even as the country faced the outbreak of civil war: “The mystic chords of memory, stretching from every battlefield and patriot grave to every living heart and hearthstone all over this broad land, will yet swell the chorus of the Union, when again touched, as surely they will be, by the better angels of our nature.”

U.S. Escalates Illegal Economic Attacks on China, While China Expands Economic Cooperation With the Rest of the World

May 28—The Biden government today denounced China’s tit-for-tat response to the U.S. illegal ban on Chinese purchase of U.S.-manufactured microchips—policies which typically do more harm to U.S. businesses than to China. China on May 21 banned certain Chinese companies from purchasing chips from the U.S. company Micron, the world’s largest chip producer. U.S. Commerce Secretary Gina Raimondo, following a meeting in Detroit of the Indo-Pacific Economic Framework, an explicitly anti-China group set up by the Biden administration, said of the ban on Micron chips in China: “We see it as plain and simple economic coercion and we won’t tolerate it.” The U.S. is also actively trying to prevent cooperation with China by Brazil and Argentina to counter the economic coercion by the U.S. and the IMF against the South American countries.

What Kind of Peace Do We Seek?

May 27—The one thing you can’t accuse the Russian government of is engaging in subtle diplomacy, with nuanced, hard-to-interpret signals. Consider the urgent warnings and messages delivered over the last 48 hours, all of which have been blithely ignored by Washington and London, and all of which have been blacked out of the major media so that most Americans remain totally ignorant and in a strategic stupor over this Memorial Day weekend—a holiday meant to commemorate those lost in earlier wars—while the clouds of a third, nuclear world war hang darkly over the planet today.