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The book investigates the twin discourses of a new economic theory "MuRatopian Intersection Economic Theory " and how the economy works using a new scientific economic concept with Kelsonain binary model approach. This shift from the conventional apporaches to a new scientific-public money democracy system-Kelsonain binary model design is proposed in my forthcoming book The New Future of Money: How Our Debt Money System is Wrecking The World And How You Can Change It.
Ssemakula Peter Luyima provides a new concept for World Economy in the 21st century, by producing a revised concept of MuRatopian Economy; 30 years after Professor Kaoru
Yamaguchi presented a synthesized analysis of the Neoclassical, Keynesian and Marxian with his own public money economic model. It is this author’s intention not only to provide an integrative concept for reconstruction of the World Economy, but to present an equitable economic strategy in the context of Louis Orth Kelso’s important two factor economics at the same time. This book is an introduction to a new upcoming theory MuRatopian Intersection Economy.
The author was born in Arua, Uganda East Africa. He is an independent researcher, currently advancing a general concept of MuRatopian World Economy, which was first developed by Professor Kaoru Yamaguchi by means of Public Money System. The pioneer efforts of Ssemakula Peter Luyima has led to the marriage of Public Money, binary economics approach with structural axiomatic economics to serve as a new foundation of economics. These interactions form a new theory called MuRatopian Intersection Economy presented in this book, to achieve equitable economic development of the continents of the Earth.
At the UC Berkeley, Professor Kaoru Yamaguchi, Ph.D. (UC Berkeley) joined the mathematical economics (general equilibrium) seminar by Prof. Gerard Debreu who received the Noble Prize in Economics in 1983. One of his thesis advisors, Prof. George Akerlof, also received the Noble Prize in Economics in 2001.
He taught at the California State University, Hayward, University of San Francisco, University of Hawaii at Manor, Osaka Sangyo University, Doshisha University, etc. At the Univ. of Hawaii, Political Science Prof. Jim Dator invited him to join the World Futures Studies Federation in 1986. Since then, he has been active on Futures Studies.
To deepen his understanding of system dynamics, He visited Prof. Jay Forrester (founder of Systrem Dynamics) and Prof. John Sterman at the Sloan School of Management, MIT, in the Falls of 1998 and 1999. In the summer of 2003, He took an 8 months' sabbatical leave at the Haas School of Business, Univ. of California, Berkeley. Since then, his academic works has been focused on the system dynamics modelings of macroeconomics and sustainability.
Louis Orth Kelso (April 12, 1913 – February 17, 1991) was a political economist in the classical tradition of Smith, Marx andKeynes. He was also a corporate and financial lawyer, author, lecturer and merchant banker who is chiefly remembered today as the inventor and pioneer of the Employee Stock Ownership Plan (ESOP), invented to enable working people without savings to buy stock in their employer company and pay for it out of its future dividend yield.
He was born on April 12, 1913 in Denver, Colorado.
Kelso began to think seriously about economics in 1931, the second year of the Great Depression. Although not yet 18, he was determined to launch his own investigation into the cause of a phenomenon no one was able to explain to his satisfaction. This quest took him to the University of Colorado at Boulder, where in 1937 he was graduated with a B.S. degree in business administration and finance; he went on to law school in Boulder, receiving a J.D. in 1938. He then joined a Denver law firm, Pershing, Bosworth, Dick & Dawson from 1938 to 1942.
Then came Pearl Harbor. Kelso was commissioned in the U.S. Naval Service, and assigned to intelligence duty first in San Francisco and then in the Canal Zone. Working tropical hours, Kelso used his free afternoons to work on his seminal manuscript, The Fallacy of Full Employment. With the war over, the completed manuscript in his footlocker, the Navy sent him back to civilian life in 1946. But 1946 was also the year the Congress passed the Full Employment Act. This legislation, still in force, defines economic policy in the United States 170 years after the official birth of the Industrial Revolution as the right to a job. Kelso concluded that the time for his ideas had not yet come.
He then taught constitutional law at University of Colorado at Boulder. He then moved to San Francisco, California. There he became a law partner with Kelso, Cotton, Seligman & Ray. He died on February 17, 1991 at the Pacific Medical Center in San Francisco, California.