In this book William Krehm develops a relativistic view of all economic
theory. This is necessary, so as to establish the quite different logics
that govern the subsystems that make up our pluralistic economy.
lift the debate above dogmatic issues of economic theory he applies the
methods of system dynamics as developed by J.W. Forrester, extends the
entropy concept to take in purely economic potential differences, and
examines how these tend to run down in each of our subsystems.
our economic and social transformations throw up new negentropies that
must be utilized. The price gradient itself is one of the most promising
of these. Only by harnessing it for desireable social ends can we keep
our economy functioning.
Babel's Tower abounds with new
concepts and tools that are indispensible for understanding and managing
our mixed economy – structural quasi-rents, inter-sectorial transforms,
modulus congruence calculus. The book is accessible to the intelligent