ABOUT THE BOOK

I challenge! Governments of all countries Enact just one law “One Share to One Person only” It solves all problems of humanity “From Poverty to Nuclear War”

Economic Justices of Democrism: “Work according to Energy”: Work justice “Wage according to Work”: Wage justice “Investment according to Wage”: Investment justice “Dividend according to Investment Burden”: Dividend justice “Equality according to Dividend”: Distribution justice “Ideal Society according to Equality”: Egalitarian justice

ABOUT THE AUTHOR

Prof. Viswanathan Ekambaram was a pos t graduate in “ International Economics’ and “Sociology” from Madras University and a Fellow of Cost and Works Accountants of India.

He is now CEO of International Socio- Economic Research Bureau, and Faculty of “Center for Economics and Social Justice” USA.

From 1968 he served as “Senior Statistical Research Analyst” in the Department of Statistics.

In 1972 he published his first book “How To Create an Ideal Society” by implementing “Dual Monetary System” (DMS). Under DMS an “Electronic Money” is put into circulation and it will eliminate all economic evils like poverty, unemployment, corruption, and nuclear war.

In 1982, the International Socio- Economic Research Bureau published his book “A New World Order-A Manifesto”. On the merit of the book he was invited to World Economic Conference by the Nobel Laureate Kenneth J Arrow for group discussion.

In 2012, the Power Publishers published his book “The Third Theory

CONTENTS

Acknowledgements .............................................................................. 11

Foreword ............................................................................................ 13

Preface ............................................................................................... 15

VOLUME – I

EVOLUTION OF SOCIETIES TOWARDS PERFECTION

1. The Authority of Natural Law Struggles for New World Order ......... 19

2. Modes of Production and Their Evolutions to Create an Ideal Society..... 23

3. Emergence of Capitalism and its Total Collapse .................................. 25

4. Emergence of Socialism and its Total Collapse .................................... 29
• The Impact of Glasnost and Perestroika • Emergence of Communism in China and its total collapse • Chinese students fought for democratic mode of society • Protests against communism at Tiananmen Square and great Massacre.

5. Emergence of ‘Democrism’ to Save Mankind (Democratic Mode of Production)............................ 37
• Each Industry for All and All Industries for Each • Implementation of Democrism by “Economic Government” • Capital Justice • Property Right to Proletariat only • Administration by the workers (Administrative Justice) • Industrial Peace • Investment by workers only and Investment Justice • Investment according to Wage • Dual Income • Distributive Justice • Creation of Egalitarian Society • Classless Society • Tax – Free Economy • Income compensation profit • Maintenance of stable economy • Prosumer- Society • Just price • Interest-free economy • Administration of Natural Resources • Saving of the Planet from Global Warming under People’s Direct Ownership of Capital • Elimination of nuclear weapons • Elimination of Terrorism.

6. Real and Electronic Moneys-To Solve Human Problems ..................... 53
• Corruption - free economy

VOLUME – II

CAUSES FOR HUMAN PROBLEMS

7. It is the Cause – I Introspection ............................................................ 61

8. It is the Cause – II Economic Reasons ................................................. 65

9. It is the Cause – III Defective Operation of Economic Machinery....... 69

10. It is the Cause – IV Ten Basic Causes for Our Economic Problems..... 71
• The Functional Law of Economic Machinery • The present defective operation • Two kinds of Monetary Systems • Dual Monetary System • The defective ‘Economic Exchange’ • Imbalance between Savings and Investment (Leakage and Injection) Lack of confidence • Psychology of the producers • Misuse of savings • Interdependency of “Money - Flow and Goods – Flow”.

VOLUME – III

PEOPLE’S DIRECT OWNERSHIP OF CAPITAL (DEMOCRISM)

11. “People’s Direct Ownership of Capital” – Why do we want? .............. 81
• Capital triggers and intensifies wars • Economic Theory of War • Economic Fraternity • Economic Justice in jeopardy and in peril • Poverty in the midst of plenty • Financial control • Forbidden of Right to Live and Right to Work • Origin of terrorism and economic crimes • Economic Equality is a Mirage • Incompetence of Providing Right to Work • Absence of Stable and Just Price • Deceits and Injustices to Working Class • Severe unemployment problems • Financial Gambles • Class distinction and failure of economic machinery • Aim of maximisation of profit destroys morality of society • Destruction of Universal ‘Fraternity-Justice’ • Sacrifice of liberty and equality • Absence of Action Programme ‘Towards One World’.

12. The Law of Economic Democracy ..................................................... 105
• Creation of Economic Democracy.

VOLUME – IV

ECONOMIC JUSTICES AND RIGHTS

13. Declaration of Capital Ownership Justice and Human Rights ......... 113
• Economic Affidavits • Mode of production and the structure of societies.

14. Universal Declaration of Economic Justice ....................................... 121

VOLUME – V

JUSTICES OF DEMOCRISM

15. Workers’ Administration Justice and Industrial Democracy .............. 129

16. Capital Ownership Justice and Distributive Justice ........................... 133

17. Socialistic Justice and Creation of Classless Society ......................... 141

18. Interest-Free Economy and Workers’ Investment Justice ............... 147

19. Distribution of National Dividend to All Workers ............................. 151
• All men are created equal • Differentiation in human efficiencies • Brutality of inequality • Necessity for Economic Equality • Creation of Equality in the midst of Inequalities • The Nature and Object of Distributive Justice • Operation of Democrism for the creation of equality.

20. Production Justice and Right to Work ............................................. 157
• Origin of the concept of ‘Right to Work’ • Meaning of ‘Right to work’ • The aim of Production Justice • Two Conditions of Production Justice • Economic Responsibility: Producers Vs. Consumers • Live: (Goods Vs. Man).

21. Tax -Free Economy ............................................................................ 163

22. Price Determination Justice and “Prosumer Society ....................... 167

23. Corruption-Free Society; How to Create? War on Corruptionby Dual Monetary System.............. 171
• The drug trade • Globalisation, Multinational Corporations, and Corruption • How the Investment money erases corruption.

24. How to Eliminate Poverty .................................................................. 179

25. Price Increase Benefits the Poor the Idea of Democrism ................... 183

26 Property Justice Property Right to Proletariat Only ........................... 185
• Creation of Property • Property Right • Compulsory Property Ownership • Property Right to Proletariat only.

27. Global Justice and Nuclear War Democratisation of Economy Eliminates all Destructive Weapons...... 189
• Annihilation of nuclear plants and control the dangerous scientific wisdom • Democratisation of Economy and Formation of government. Annexure: 1 • Annexure: 2.

28. Global Terrorism: How to Eliminate? ................................................ 213

VOLUME – VI

OPERATION OF ECONOMIC MECHANISM

29. Theory of Economic Monetary Equilibrium ....................................... 219
• Economic Analysis in Real Terms and its Defects • Economic analysis in monetary terms and monetary equilibrium • Producers Monetary Equilibrium (PMeq) • Producers Positive Money Flow Equilibrium (P+Meq) • Producers’ Equivalent Money Flow Equilibrium (P=Meq) • Producers Negative Monetary Equilibrium (P-Meq).

VOLUME – VII

OPERATION OF DEMOCRISM

30. Operation of Democrism at National Level how shouldan Economy Operate? How would One Rule a Nation ...................... 231
31. How to Rule a Nation or How to Operate an Economy ..................... 253

32. Ideal Operation of Economy Monetary ‘Circular Flow-Equilibrium’ Model Laws of Nature vs. Laws of Society ....................................... 257
• Laws of Nature • Physiological Law of Nature • Laws of Society • General Equilibrium Theory and Law of Nature • Equilibrium in the interdependent subsystems of economy • Equilibriums of Economic – Subsystems • In conclusion I wish to emphasise two points.

VOLUME – VIII

33. How to Implement the Theory of Democrism By “Dual Monetary System” (a new economic technique) Dual Monetary System –A Solution to All Economic Problems Operation of Dual Monetary System....................................................................... 271

VOLUME – IX

FORMATION OF ECONOMIC CONSTITUTION

34. Constitution of National Economic Government ........................ 293

35. Operation of Global Economy in Democrism World Economic Government and One World ................ 309

36. Constitution of World Government .................................................. 335

VOLUME – X

THEORIES OF EMPLOYMENT

37. Four Basic Theories of Employment .................................................. 347

38. Producers’ Profit-Motive Theory of Employment ............................ 351

39. Say’s Law of Market - I ..................................................................... 359

40. Say’s Theory of Employment – II ...................................................... 363

41. Producers’ Monetary Theory of Employment .................................. 369

Index ............................................................................................ 375