Beyond Common Sense - LaRouche

THE ADAM SMITH CONSPIRACY250 pages, $35.Classical economics has inflicted a particular brand of economic misery on the world, Australiaunder the impact of such policies is becoming poorer. This book analyses the flawed axioms ofClassical economics and reviews the political campaign of the last 200 years promoting this brand ofeconomics. Some intriguing historical detail is outlined: the connection between Adam Smith andthe wealthy Duke of Buccleuch; the Political Economy Club network; who gains from Australia’s rushto privatise and deregulate? After reading this book you will then understand who profits from currenteconomic policy.(Available Summer 1996197)THE PRINCIPLES OF NATIONAL CREDIT 200pages, $25.What is the difference between private bank credit and government bank credit? In the last tenyears Australian governments have liquidated government banks and handed over credit creation toprivate interests. Until the late 1940s national governments, both Labor and Liberal, understood howa government could create its own credit for national projects, such as the Commonwealth Railway,the Snowy Mountains Hydroelectric Scheme, the national shipping line. One third of WWI andWWII were paid for by national credit. What is national credit? This book outlines its principles anddocuments some of the support it has received over the last 130 years, from David Syme to JohnCurtin. It concludes with draft legislation for a new central bank of national credit issue to replace theexisting Reserve Bank. (Available Summer 1996/97)POSTWAR RECONSTRUCTION IN AUSTRALIA200 pages, $25.Between 1942-1949, the Australian Labor government proposed a comprehensive program of econornic andpolitical reform for Australia. A major goal was to develop the nation’s manufacturingindustry. A new scheme of regional government was proposed, and such schemes as the Bradfieldplan, to turn rivers inland and flood Lake Eyre were investigated. It was a time of innovation and vision. Why didthe enthusiasm for national development die? Using archival material this bookoutlines the postwar reconstruction plans for Australia. A model that was referred to as late as 1983by Labor leaders. Is it still relevant today? (Available Summer 1996/97)MEASURING THE PRODUCTIVE POWER OF AUSTRALIA200 pages, $25.Although Australia is supposedly growing at about 4% per annum, probably one million Australiansare unemployed, and perhaps another million more are underemployed. How can there be growth yetwidespread unemployment?This book reviews the fallacies behind contemporary economic statistics, the error of measuring‘exchange’ rather than productive power. It reviews Australia’s economic performance from a NationalSystem economics perspective: the Productive Powers Index and the Purchasing Power Index. Italso presents a ‘Cost of Free Trade Index’ to assess the real cost of the new ‘open-door’ economicpolicy imposed on Australia since 1983.After reading this book you will understand why Australia’s policy makers have got it so wrong!(Available Summer 1996197)