↖ Homepage of the site 'What to do with your life?' What is an economic policy?An economic policy is the answer to the following three questions:
RemarksThe approach we have presented is loosely related to economic planning. However, economic planning is usually associated with a socialist model of government (generally authoritarian), or a hybrid model in which it attempts to compensate for the inadequacies of the market economy. The imports listed in the second question imply producing or taking more than what is necessary for the population in question, in order to be able to trade with the outside world. The problem of wealth distributionThe inextricable problem of wealth distribution in our modern societies arises from the fact that goods and services are produced without knowing in advance their destination. More precisely, their purpose is 'to be sold' and not 'to satisfy such an identified need of such an identified group'. As soon as we consider the economy as a system of production of wealth, whose objective is growth, and not the satisfaction of identified needs, we create from scratch the problem of distribution, and the intense social conflicts which are linked to it, such as for example the problem of financing pensions in France in 2023. However, this problem which generates a high level of violence, conflict, dissatisfaction, and ultimately threatens national cohesion, does not exist in the real world: it is just a by-product of an erroneous, dogmatic vision, outside of reality, of the notion of economic policy. Go deeperRead the second part from the book From capital to reason which sets out the organization of the proposed production. Next to the book From capital to reason whose method has not yet been implemented on a large scale, the Lean production, as described in the book 'The machine that changed the world' is the closest method of production that has been successfully implemented on a significant scale. Its particularities are the emphasis placed on problem management, the revaluation of directly productive people and their training to enable them to become more versatile and sources of improvement, the reduction of stocks, production driven by orders, the stabilization of demand through a different commercial approach. This stability in turn allows for lifelong employment.
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