The Formation of Capital

Harold G. Moulton

ISBN 978-0944997086     234 pp.     $20.00 (U.S.)     £14.00 (U.K.)

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This classic refutation of Keynesian monetary policy and radical prescription for balanced growth in today's private sector economy was written in 1935 by Dr. Harold G. Moulton, the first president of the Brookings Institution (1928-1952) in response to the unsound approach embodied in the New Deal. Its applicability to the present day is seen by the fact that speculative uses of money and credit, along with massive government and consumer debt, threaten to bankrupt families, companies, and nations alike.

The Formation of Capital shows how we can reform the financial system to foster more rapid rates of sustainable growth while reversing our mounting deficits and debt. Moulton's work offers a framework for monetary policy that can spread prosperity, power and freedom to every citizen. Moulton also raises a radical point: Economic progress and growth need not be limited by existing accumulations of savings. Furthermore, Moulton's findings prove that the economy grows faster when it is not dependent on past savings, and businesses can employ "future savings" — future increases in production, rather than past reductions in consumption — to finance their economic growth.

This edition of The Formation of Capital features a new introduction by Dr. Norman G. Kurland, president of the Center for Economic and Social Justice (CESJ) in Arlington, Virginia, U.S.A.

In Defense of Human Dignity

Michael D. Greaney

ISBN 978-0944997024     320 pp.     $20.00 (U.S.)     £16.00 (U.K.)

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In Defense of Human Dignity is a compilation of articles previously appearing in Social Justice Review, based on the "Four Pillars of an Economically Just Society":

1) Limited economic role for the State,

2) Free and open markets within a just legal system as the best means for determining just wages, just prices and just profits,

3) Restoration of the rights of private property, particularly in corporate equity and other forms of business organization, and

4) Widespread direct ownership of capital.

 The Just Third Way is a holistic program developed by the interfaith Center for Economic and Social Justice ("CESJ") in Arlington, Virginia, USA, in response to the growing disparities of wealth and the failure of today's institutions to meet people's wants and needs in a manner consistent with their essential dignity as human beings. Analyzing the applications of natural law as expressed in Catholic social teaching, the articles demonstrate the universality of the principles underpinning the Just Third Way from the perspective of that particular faith tradition.

The Emigrant's Guide

William Cobbett

ISBN 978-0944997017     264 pp.     $20.00 (U.S.)     £14.00 (U.K.)

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William Cobbett, considered by G. K. Chesterton as the "Apostle of Distributism," wrote The Emigrant's Guide in 1829 toward the end of a long and fruitful career as a journalist, traveler, economic commentator, and political activist. Frustrated with trying to change the system in England, Cobbett broke his rule against advising English men and women to stay in their own country, and urged them to go to the United States, where instead of working for others and being effective slaves of the English government and upper classes, they could obtain some small ownership of land or other capital and become independent — owners instead of being owned themselves.

This annotated edition of The Emigrant's Guide includes the texts of letters written home to England by people considered useless in England, providing a valuable source of sociological and economic data of early 19th century America, as well as giving us an understanding why the United States was considered the "Land of Opportunity" for so long. As one recent immigrant expressed his enthusiasm for his new country, in which he had easily become a landowner, "America forever for me!" The Emigrant's Guide provides an incentive to modern politicians and policymakers to restore the greatness that was once America's, and begin to spread true economic democracy throughout the globe.

Capital Homesteading for Every Citizen

A Just Free Market Solution for Saving Social Security

Norman G. Kurland, Dawn K. Brohawn, and Michael D. Greaney

ISBN 978-0944997000     256 pp.     $18.00 (U.S.)     £14 (U.K.)

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If you share the growing concern that our Social Security and Medicare system may go bankrupt as millions of Baby Boomers start retiring . . .

If you're alarmed by the thousands of jobs lost when "productivity" rises . . .

If you feel our democratic process is endangered when the majority of voters don't vote because they're tired of being sold more of the same . . .

Maybe it's time to look at some fresh ideas.

Capital Homesteading for Every Citizen explains why the economy isn't working the way it should. More important, this book shows how to fix the problems.