Economic Governance Technology

Economic Governance Technology was written with not only the belief, but also a sense of certainty, that insights and tools provided by modern science and technology, combined with basic human values and basic logic, will allow the creation of a new economic governance technology. This technology will make it possible to build efficient and productive economies, ensuring full employment and a fair distribution of wealth - all without having to go through depressions, major recessions, or large fluctuations in the interest rate. Moreover, all this can be done even amid major shifts in technology, natural disasters, and epidemics. Peter G. Hammerschlag, a mechanical engineer with a large variety of experience in the real economy of making goods and providing services, in large companies and in small companies, outlines such a technology in this book. He does so using basic, practical language that even the lay person can grasp. The ideas he presents can be viewed initially as an additional branch of economics. However, they will eventually make substantial parts of present-day economics obsolete. This new technology, when fully developed, will make it possible to monitor, guide and, when needed, control an economy for the benefit of all, ensuring productivity, full employment, a fair distribution of wealth, and sufficient allocation of resources to public services and preparations for the future.