Language English Pages 92 Originally published 5 October 2016 Page count 92 Country Ireland | Publisher Applied Image ISBN 978-0-9560640-4-2 Genre Economics | |
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Media type Paperback, Kindle E-book | ||
Into The Open Economy is a book written by Irish author and social activist Colin R. Turner which sets out proposals for an Open access economy (or 'open economy') without money, trade or governance.
Contents
Basic premise
The book holds that the majority of social, economic and environmental problems are caused by the limitations of the market system, or, as Turner puts it: "our primary methods of distributing resources and conducting society, namely: trade and governance."
Turner goes on to detail the inherent limitations of trade and governance, where he claims trade and exclusive ownership always lead to wealth concentration, and the rise in technological unemployment must inevitably negate the market system through the collapse of the labour market.
Turner also describes government as "an outgrowth of the trading system", speculating that without a trading system and labour market, government would have little or no reason to exist.
Open economy
In the book, Turner proposes what he calls an "open economy" or open access economy, founded on the basic principles of sharing and shifting individual purpose from self-interest to group interest. He defines the open economy as: "the application of an open, distributed model to a traditionally closed-loop economic system. In other words, rather than every individual seeking only to benefit themselves, a common understanding exists that enables everyone to benefit everyone, including themselves."
Other books
Turner is also the author of a fictional novel F-Day: The Second Dawn Of Man which presents a visualisation of how an open economy might come about.