An Economy exists to meet the needs of society
houses, cars, infrastructures, machinery,
to provide clothing, food, transportation, culture, learning, health care,
to guarantee security and a richer world for the future.
This small book of research has originally been created in the late 1990s as a presentation for a small audience. As it explores the real fundamental principles of economics that supports society's existence, the presentation is still valid and will always remain so, because universal principles are timeless by nature.
The original presentation has been assembled in the form of a small book for those seeking an understanding of what economics is all about, and I mean real economics contrary to the Adam Smith type perceptions, misnamed economics, that have in recent years perverted the processes that should support society into destructive ventures of fascist greed, which now are threatening the entire world with suffering on the scale of a New Dark Age. It is important, therefore, in the ensuing chaos of epidemic unemployment, homelessness, starvation, terror, and violence, what the real principle of economy is and always has been.
The research book that is presented here is small, but far reaching in its overview of an onrushing crisis and what can prevent it. For its significance in this regard the book has been made recently a part of the prolog of a much more extensive research book with the title, The Disintegration of the World Financial System, by Rolf A. F. Witzsche, that was originally written in the early 1990s without this prolog.