Into The Open Economy

Into The Open Economy

Into The Open Economy - front cover

Front cover
Author Colin R. Turner
Country Ireland
Language English
Genre Economic theory
Published August 2016
Publisher Applied Image
Media type Paperback, Kindle E-book
Pages 92
ISBN 978-0-9560640-4-2

Into The Open Economy is a book written by Irish author and social activist Colin R. Turner which sets out proposals for an open economy without money, trade or governance.[1]

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."[2]

Turner goes on to detail the inherent limitations of trade and governance, where he claims trade and exclusive ownership always lead to wealth concentration,[3] and the rise in technological unemployment must inevitably negate the market system through the collapse of the labour market.[4]

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.[5]

Open economy

In the book, Turner proposes what he calls an "open economy" or open (sharing) economy, founded on the basic principles of sharing and shifting individual purpose from self-interest to group interest.[6] 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."[7]

Other books

Into The Open Economy has been translated into Spanish[8], French[9], German[10] and Portuguese[11]. 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.[12] He is also the author and founder of The Free World Charter.[13]

References

  1. ↑ "The Open Economy". Freeworlder.com. Retrieved 2016-10-25.
  2. ↑ Turner, Colin R. (August 2016). Into The Open Economy. Ireland: Applied Image. p. 8. ISBN 9780956064042.
  3. ↑ Turner, Colin R. (August 2016). Into The Open Economy. Ireland: Applied Image. p. 12. ISBN 9780956064042.
  4. ↑ Turner, Colin R. (August 2016). Into The Open Economy. Ireland: Applied Image. p. 13. ISBN 9780956064042.
  5. ↑ Turner, Colin R. (August 2016). Into The Open Economy. Ireland: Applied Image. p. 9. ISBN 9780956064042.
  6. ↑ Turner, Colin R. (August 2016). Into The Open Economy. Ireland: Applied Image. p. 25. ISBN 9780956064042.
  7. ↑ Turner, Colin R. (August 2016). Into The Open Economy. Ireland: Applied Image. p. 23. ISBN 9780956064042.
  8. ↑ Hacia una Economía Abierta. ISBN 978-0956064080.
  9. ↑ Le chemin vers l’Economie Ouverte. ISBN 978-0956064059.
  10. ↑ Der weg in die Offene Volkswirtschaft. ISBN 978-0956064066.
  11. ↑ O Caminho Para a Economia Aberta. ISBN 978-0956064073.
  12. ↑ Turner, Colin R. (July 2016). F-Day: The Second Dawn Of Man. Ireland: Applied Image. ISBN 978-0-9560640-2-8.
  13. ↑ "FWC - What is The Free World Charter?". www.freeworldcharter.org. Retrieved 2017-03-28.
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