Carmine Gorga, 9/16/2013
1959- PhD in Political Science, University of
Naples , Italy University of St.
Thomas Aquinas
1960- Awarded Council of Europe Scholarship for dissertation on the
legal, economic, and political thought of Louis D. Brandeis.
1961- Diploma in International Relations, Johns Hopkins ’
SAIS , Bologna ,
Italy
1961- Studied economics under Professor Robert Mundell, among other
economists.
1961- Awarded Fulbright Scholarship.
1962- MA in International Relations, Johns Hopkins ’
SAIS , Washington ,
DC
1964- “Not Simply a National Fund, but a
Stabilization and Development Fund,” Mondo Economico, 19 (14) 14-16.
1965- Changed one equation in Keynes’ model of the economic system and
started a new paradigm, Concordian economics. Concordian economics is in answer
to the current crisis in economic theory.
1974- “The Revision of Keynes’ Model,” The central point of this paper,
rejected by AER, is that for
economics to respect fundamental principles of logic, hoarding must be
reintroduced in the economic discourse and all necessary changes must be
introduced in Keynes’ model of the economic system. The paper is posted at http://ssrn.com/author=856905.
1976- Started conversation with Professor Franco Modigliani, papers
discussed with him are included in 2 (I am told actually 5) folders at http://library.duke.edu/rubenstein/findingaids/modigliani/
1982- "The Revised Keynes' Model"
(an Abstract), Atlantic Economic Journal, 10 (3) 52.
1987- "The Productivity Standard: A True Golden
Standard” (with Norman G. Kurland), in Dawn M. Kurland (ed.), Every Worker an Owner: A
Revolutionary Free Enterprise Challenge to Marxism. Center for Economic and
Social Justice, pp. 83-86.
1988- Quality Assurance of Seafood (with
Louis J. Ronsivalli), Van Nostrand Reinhold, a book and numerous papers, whose
economic analysis served to introduce fresh
seafood in national supermarkets, grown into a multi-billion dollar operation.
1991- In “The Dynamics of the Economic System,” a referee report
(#91297) for the Journal of Economic
Theory finds “a new analytic engine.”
1994- "Four Economic Rights: Social Renewal Through
Economic Justice for All,” Social Justice Review, 85 (1-2)
3-6.
1998- “The Creators of Poverty,” Gloucester
1999- "Toward the Definition of Economic
Rights,” The Journal of Markets and Morality, II (1) 88-101.
Distinguishes entitlements from property rights and economic rights.
2002- The Economic Process: An
Instantaneous Non-Newtonian Picture, University Press of America . Though the logic of mathematics and geometry, reintroduces
hoarding in the economic discourse and analyzes the effects of hoarding on
economic growth, inflation, and poverty.
2002- The first Gloucester poet laureate, Vincent Ferrini, reviewed The Economic Process for the local paper
and pointed out that the book “…has the answers to universal poverty and the
anxieties of the affluent.”
2003- In the December issue of JEL, on the basis of two
statements, Professor Paul Davidson, quoting Keynes, concluded that The Economic Process “…as it
stands seems to be one of the most frightful muddles I have ever read, with
scarcely a sound proposition in it... It is an extraordinary example of how,
starting with a mistake [here substitute unusual definitions for mistake], a
remorseless logician can end up in Bedlam.”
2004- The editors of JEL
are made aware that of the two statements on which Professor Davidson based
his judgment, one (I=S) does not exist in The
General Theory; and the other (I=H) does not exist in The Economic Process. These statements irrefutably prove that, whatever
Professor Davidson understands of the General Theory, he certainly did not even
scan The Economic Process; otherwise,
at page 270 his attention would have been arrested by the following Lorenz
diagram:
Hoarding
Hoarding
The editors of JEL recommended I
write to Professor Davidson alerting him to these shortcomings in his analysis.
I did that. Professor Davidson has not responded yet. For full documentation,
see http://carmine-gorga.us/id18.htm.
2006- Casting
a look backward in history, while using the framework of Concordian economics,
one meets two thorough systems of economic thought, the economics of Moses and
the economics of Jesus. See, “The
Economics of Jubilation: Blinking Adam’s Fallacy Away.” In Albert
Tavidze, ed. Progress in Economics
Research, Vol. 19. Nova
Science Publishers, 2010. Ch.
1.
2007- In his review for Amazon, Dr. Michael Emmett Brady
confirms: “This book will be extremely difficult to follow for a ’modern’
mainstream economist brought up on general equilibrium theory…. The writing
style of the book is similar to the writing styles of Veblen, Schumpeter,
Keynes, and von Hayek… Why is such an economy subject to a destabilizing
boom-bust business cycle over time? G is one of the very few economists to
identify the fundamental problem as hoarding behavior… Keynes' model
specification, however, does not allow him to specifically answer the question
of why the economy is unstable. Keynes’s answer is that the economy is unstable
and suboptimal because of the propensity to hoard. Keynes calls this also by
the name liquidity preference.… Gorga's reinterpretation of the Y model allows
him to reach Keynes's conclusion as well as integrating it into a complex
systems analysis (non Newtonian) as the economy evolves as a dynamic process
over time.”
2007- “Economic Justice” in Encyclopedia
of Catholic Social Thought, Social Science, and Social Policy,
Scarecrow Press, pp. 335-337.
2008- To My Polis, With Love: May Gloucester
2008- “Economics for Physicists and Ecologists,” Transactions
on Advanced Research, 4 (1) 6-9.
2009- “Concordian
Economics—Tools to Return Relevance to Economics,” Forum for Social
Economics, 38:53-69.
NOTE- It
is my considerate opinion that both political science
and economic theory will remain on a wobbly foundation if they do not
incorporate the fundamental intellectual work done by Louis D Brandeis. As
explained in this paper, one of the functions of Concordian economics is to do
just that—and then to call upon the work of three more giants in American
thought: Benjamin Franklin, Henry George, and Louis O. Kelso.
2010- The Economic Process: An
Instantaneous Non-Newtonian Picture, University Press of America: A soft cover, expanded
edition.
2012- "Beyond Keynes….. Toward Concordian
Econometrics", International
Journal of Applied Economics and Econometrics, Part III of the
Special Issue on J.M. Keynes, 20(1) 248-277.
2012- “Reconciling Keynes and Hayek through Concordian
Economics: A Revolution from the Center”, International Journal of
Applied Economics and Econometrics, Part V of the Special Issue on
J.M. Keynes, 20(3) 358-387.
2012- Ethics in Concordian Economics, http://rio20.net/en/documentos/ethics-in-concordian-economics.
2012- A Declaration
of Economic Interdependence and a Bill of Economic Rights and Responsibilities,
http://rio20.net/en/propuestas/a-declaration-of-economic-interdependence
2013- “Occupy economics,” August 30. http://interoccupy.net/blog/occupy-economics/.
2013- “A
Three-Part Proposal for Investing Hoarded Cash,” The Catholic Social Science Review 18 261–263. In press.
Been
instrumental in establishing Gloucester Fishermen’s Wives Association,
preserving public transit, and establishing seArts in Gloucester .
Ongoing: Running
a rearguard battle to defend the family fishing fleet against the assault of
federal bureaucrats, environmentalists, and economists in the pages of the Gloucester Daily Times, the Beacon, and Newsvine, a publication of msnbc.com
that hosts upwards of 40 million unique visitors a month on its platform.
A fuller bio, some evaluations of my work, a list of
publications, and work in progress can be found at http://www.carmine-gorga.us/id24.htm
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