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Goods and Services Theory

Kescarte_DeJudica
Posts: 325
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12/29/2016 1:12:53 AM
Posted: 3 weeks ago
I believe in a theory of economics which both conservatives and liberal often deny. It is called the theory of Goods and Services.

The theory of Goods and Services is very simple. It holds that there is a purpose to any economy, that every economy is not just some perpetual system, but that there exists a desired "ends" to an economy. And the ends to this is the bringing about of a state in which there is an overabundant supply of high-quality goods and services available for purchase. Any economic action works to bring about this ends, or works against it.

This theory also holds that economic law is part of natural law, and that it is not man-made law.

If this theory is correct, then it throws much traditional, conventional economic theory out the window. Suddenly, jobs are not important. Labor is simply a commodity. Trade restrictions now hurt the economy of every country in the world. And economists everywhere, politicians like Barack Obama, Donald Trump, Paul Ryan, Nancy Pelosi (to name a few, and ordinary everyday citizens are wrong.

In addition, this would mean that no matter what economic system (means) you took, each would have the same ends, by natural law (though one means could certainly be more effective in bringing about the desired ends). This includes Communism, Capitalism, Facism, Socialism, Corporatism, etc.

Everyone please argue that this theory is not the case, or if you believe it is, argue for that.
^^Treasurer of DDOoholics Anonymous^^

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Discipulus_Didicit
Posts: 3,430
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12/30/2016 8:21:10 AM
Posted: 3 weeks ago
At 12/29/2016 1:12:53 AM, Kescarte_DeJudica wrote:

I have never heard of a system by this name but the description seems similar to what I have heard called Austrian economics. Two names for the same thing, or is there a difference between the two?
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Take me where I cannot stand
I don't care, I'm still free
You can't take the sky from me
Take me out to the black
Tell them I ain't coming back
Burn the land and boil the sea
You can't take the sky from me
Kescarte_DeJudica
Posts: 325
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12/30/2016 10:39:12 PM
Posted: 3 weeks ago
At 12/30/2016 8:21:10 AM, Discipulus_Didicit wrote:
At 12/29/2016 1:12:53 AM, Kescarte_DeJudica wrote:

I have never heard of a system by this name but the description seems similar to what I have heard called Austrian economics. Two names for the same thing, or is there a difference between the two?

To my knowledge they are essentially the same thing. While the Goods and Services theory is slightly less complex, they both have the same sort of reasoning behind why the theories work.

Both however are held by the minority, for the most part. What is currently the most popular theory, at least in the United States, is the Jobs System theory, the idea that everyone should have work if they want it; an income, a means of support. This theory holds that the economy has no "ends" only a continuous system. Rather than focusing on the production of assets , this theory focuses on the production of income.
^^Treasurer of DDOoholics Anonymous^^

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"Never thought I'd be sitting up at 9:20 at night discussing with a random stranger how to best acquire a goat carcass." -Tree of Death
Discipulus_Didicit
Posts: 3,430
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12/31/2016 11:02:12 AM
Posted: 3 weeks ago
At 12/30/2016 10:39:12 PM, Kescarte_DeJudica wrote:

I am no economics expert, but from what I do know a system of Austrian economics or something similar like what you describe would be what I would prefer over the Keynesian (what you call the Jobs System) model. I think it is unlikely to be implimented to any meaningful degree however, due to the fact that most of the major nations of the world are democracies.
Take my love, take my land
Take me where I cannot stand
I don't care, I'm still free
You can't take the sky from me
Take me out to the black
Tell them I ain't coming back
Burn the land and boil the sea
You can't take the sky from me
Kescarte_DeJudica
Posts: 325
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12/31/2016 9:12:01 PM
Posted: 2 weeks ago
At 12/31/2016 11:02:12 AM, Discipulus_Didicit wrote:
At 12/30/2016 10:39:12 PM, Kescarte_DeJudica wrote:

I am no economics expert, but from what I do know a system of Austrian economics or something similar like what you describe would be what I would prefer over the Keynesian (what you call the Jobs System) model. I think it is unlikely to be implimented to any meaningful degree however, due to the fact that most of the major nations of the world are democracies.

I agree, the Goods and Services economic model is not accepted in nearly every major country. But part of the problem appears to be that few people in general even know how economics work, which is why they just accept everything the "experts" on TV and in newspapers tell them. And what they tell them is either the Jobs System, or some sort of facist alternative, at least in America.
^^Treasurer of DDOoholics Anonymous^^

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Is Vindale Research a scam or legitimate? Read the truth:

http://davidwarth.net...

"Never thought I'd be sitting up at 9:20 at night discussing with a random stranger how to best acquire a goat carcass." -Tree of Death
Discipulus_Didicit
Posts: 3,430
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1/1/2017 10:11:08 AM
Posted: 2 weeks ago
At 12/31/2016 9:12:01 PM, Kescarte_DeJudica wrote:
I agree, the Goods and Services economic model is not accepted in nearly every major country. But part of the problem appears to be that few people in general even know how economics work, which is why they just accept everything the "experts" on TV and in newspapers tell them. And what they tell them is either the Jobs System, or some sort of facist alternative, at least in America.

You think it's just because of what thet are being told? I don't see any reason to think that is the case. If presented with two plans, one where they are guaranteed a job and one where the nation as a whole benefits but they may not be guaranteed as good of an economic future, people will naturally preffer the latter. Because everyone votes for that, that is what is used.
Take my love, take my land
Take me where I cannot stand
I don't care, I'm still free
You can't take the sky from me
Take me out to the black
Tell them I ain't coming back
Burn the land and boil the sea
You can't take the sky from me
Kescarte_DeJudica
Posts: 325
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1/1/2017 6:46:20 PM
Posted: 2 weeks ago
At 1/1/2017 10:11:08 AM, Discipulus_Didicit wrote:
At 12/31/2016 9:12:01 PM, Kescarte_DeJudica wrote:
I agree, the Goods and Services economic model is not accepted in nearly every major country. But part of the problem appears to be that few people in general even know how economics work, which is why they just accept everything the "experts" on TV and in newspapers tell them. And what they tell them is either the Jobs System, or some sort of facist alternative, at least in America.

You think it's just because of what thet are being told? I don't see any reason to think that is the case. If presented with two plans, one where they are guaranteed a job and one where the nation as a whole benefits but they may not be guaranteed as good of an economic future, people will naturally preffer the latter. Because everyone votes for that, that is what is used.

I've argued with a handful of people on the subject. Many of them only look at economics as it pertains to their lives. They have expenses, but no income, so they get a job. The see income as important, and thus are unwilling to support an economic theory in which income is unimportant, what matters is the accumulation of assets. They live in a scarcity mentality, they cannot comprehend having so much physical wealth that they no longer had need for an income. If everyone in the world held $40 million worth of physical goods and services, then there would be no need to labor for an income. But people don't see it that way. Why? Scarcity mentality.

But this is what people are taught. They are taught to go to college, get a "good" job, and then save for a house, car, family, retirement, etc. The American Dream is working until you are 65, then quitting and doing whatever all day long. Since this what people are taught, and since this is what the majority of people either practice or preach, then it becomes widely accepted. And thus, no one is willing to listen to anything different.
^^Treasurer of DDOoholics Anonymous^^

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Is Vindale Research a scam or legitimate? Read the truth:

http://davidwarth.net...

"Never thought I'd be sitting up at 9:20 at night discussing with a random stranger how to best acquire a goat carcass." -Tree of Death
Cat47
Posts: 13
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1/11/2017 2:07:08 AM
Posted: 1 week ago
Interesting. I'd need time to think about it tho.
My aunt tried to start a fight over a potato