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Shimomuran Economics is the Most Significant Advance Ever Made in Economic Understanding and the West Still Doesn't Get It

Shimomuran economics is the name I have given to the collection of no-debt, high-growth economic understandings practised in post-war Japan and post-rapprochement China... [read more]

The Many Major Uses of Investment Credit Creation: A brief walk through the observed results so far, and the future possibilities made available through Shimomuran Economics

Money is the measure of all things and personal wealth sets the boundaries of what the individual and his or her family can afford... [read more]

Update On Shimomuran Economics: The Day May Come

Western governments and their advisors can no longer continue to ignore the work of the master economist Dr Osamu Shimomura (1910-1989) who provided the insights which have produced the high growth of the China Sea economic zone... [read more]

Comparison of the Washington, Berlin, and Tokyo Consensus Zones -Which one really works?

George Tait Edwards compares three separate economic systems presently operating around the world... [read more]

The Key Relevance of the Writings of Professor Kenneth Kenkichi Kurihara

George Tait Edwards explains how the writings of economist Kenneth Kurihara serve as the gateway to understanding Shimomuran high-growth economics ... [read more]

The Different Sources of Unemployment, and the Economic Remedy for Each of These

Unemployment is a complex phenomenon. The ultimate roots of all large-scale unemployment is the lack of an adequate economic understanding by a country’s professional economic advisors and its politicians... [read more]

China’s All-Inclusive Economic Miracle: The Third Economic Bomb

George Tait Edwards explains China's recent economic success by examining its past history... [read more]

The Failure of Innovation in the Anglo-Saxon Economies

George Tait Edwards examines the role of innovation in economic development... [read more]

Rethinking Economics The Washington Consensus vs the Tokyo Consensus Background

On Tuesday 6 May 2014, I published a blog about ”Shimomuran Economics and the Rise of Japan”... [read more]

Western Economic Decline Exists Because Western Economists And Politicians Have Ignored Shimomuran Economics. How Long Will the West lag behind?

The second most important economist of the 20th century (after John Maynard Keynes) was Dr Osamu Shimomura, the “Father of the Japanese Economic Miracle” ... [read more]

The Shimomuran Economics Solution to the Western Economic Crisis

George Tait Edwards explains how investment credit creation could resurrect Western economies... [read more]

The Four Keynesian Cornerstones of Shimomuran Economics (or Investment Credit Economics)

In the General Theory Keynes made four key comments that presage the practice of Shimomuran investment credit economics writes George Tait Edwards... [read more]

Economic Policies for an Incoming Labour Government (Part 4 of 9 - Shimomuran Economics

Bryan Gould and George Tait Edwards describe Shimomuran Economics... [read more]

Common Factors in Cases of Economic Resurgence

Successive British Governments have persistently denied the importance of industry in the national economy, with some of ministers foolishly regarding industrial decline as inevitable writes George T Edwards... [read more]

Why Not Create A Scottish Pound and Adopt Investment Credit Economics to Scotland’s Benefit?

On 21 February I sent an email to the Government of Scotland, suggesting it would be an immense advantage to the “Yes” campaign for Scottish independence if the Scots adopted a policy of having their own currency when independent... [read more]

Currently Mistaken Ideas in Western Economics and Their Suggested Corrections (preferably soon) Part 1

Economist George Tait Edwards straightens out some of the economic myths taught at Western universities (Part 1 of 2) ... [read more]

A Tale of Two Prime Ministers

George Tait Edwards comments on the comparisons and contrasts between the policies and personalities of Shinzo Abe, the Prime Minster of Japan, and David Cameron, the Prime Minister of the United Kingdom... [read more]

Lucky Bastards of The 20th Century: The Story of The Economic Bomb

During 1980 a small group was formed to act under the aegis of Michael Grylls, MP, who was then the Chairman of the back bench Industry Committee in the House of Commons... [read more]

The Scottish Industrial Revolution, or The Scottish First Industrial Miracle 1700–1800

Most accounts of the origins of the industrial revolution are Anglo-centric, focused upon how the industrial revolution in England began from about 1750... [read more]

Is Britain now Too Gerrymandered To Be A Genuine Democracy?

During the last 27 years, Conservative and Coalition Governments have passed legislation aimed at reducing the voting rights of people not likely to be supportive of the Conservative Party... [read more]

The Failure of Western Neoclassical economics - Invention without innovation results in increasing poverty

Many individuals in the Western nations are still great at invention, but innovation — defined as the transfer of these inventions to the factory floor — has generally failed in the West... [read more]

Currently Mistaken Ideas in Western Economics and Their Suggested Corrections (preferably soon) Part 2

Economist George Tait Edwards straightens out some of the economic myths taught at Western universities (Part 2 of 2)... [read more]

Nations Get what their Financial-Industrial Systems Deliver: A Comparative Analysis of Three Different Groups of Financial-Industrial Systems

George Tait Edwards compares three different financial-industrial systems and considers the merits of each model... [read more]

Eight Questions for Western Government Economic Advisors

Economist George Tait Edwards MBE asks Western economists eight direct questions... [read more]

Political commentators

Political commentators have long been puzzled by the fact that, right across the globe and for several decades, the political left has been in retreat and – more than that – has apparently been unable to mount any significant challenge to the growing neo-liberal hegemony which has dominated western democracies since the 1980s... [read more]

INET Should Rename Itself IPNET Because Preventing New Economic Thinking Is What it Does

INET is a cheerleader and supporter of the Washington Consensus... [read more]

Ideological reforms vs Greek democracy

Bryan Gould, former Labour shadow cabinet minister, explains how Europe is witnessing a triumph of ideology over common sense ... [read more]

An Extended Review of "Princes of the Yen" by Professor Richard Werner

George Tait Edwards reviews “Princes of the Yen”, the latest book written by Professor Richard Werner... [read more]

Another Keynes was Born and Lived and Died in Japan and The West Didn’t Notice

Another Keynes was born in the Saga Prefecture in the north west part of the island of Kyushu, Japan, in 1910 ... [read more]

An Excerpt From Carl Sandburg’s Poem “Yes, The People” Re-considered As An Economic And Political Commentary

All people receive new information through a kind of perceptual grid consisting of their background, education and prejudices, which modifies their capability to absorb new information... [read more]

The Public Debt of Japan and China – Funded by Investment Credit Creation or by Foreign Borrowing?

Economist George Tait Edwards puts paid to rumours of impending financial crises in Japan and China... [read more]

The Alternative 2013 Spending Review, Or What Mr Osborne Could Have Said If He Understood Macro-economics

The Spending Review by George Osborne contained no surprises. But suppose Mr Osborne really understood economics and actually wanted to improve the British economy. George Tait Edwards provides a constructive speech for a competent chancellor... [read more]

The Master Economist Dr Osamu Shimomura - Probably the Greatest Economist of the 20th Century After John Maynard Keynes

George Tait Edwards discusses the immense contribution that Dr Osamu Shimomura (1910-1989) made to the field of economics... [read more]

Shimomuran Economics: The No-Debt Investment Credit Creation Path to More Rapid Economic Growth

George Tait Edwards MBE makes the case for the urgent implementation of Keynesian economics to stimulate growth, based on the economic model's previous success in the US, China and Japan... [read more]