But clearly, the economist has to be protected by the Constitution to be able to perform his or her task of clarification, since new or seemingly contrary ideas always run the risk of misunderstanding and disproportional reaction.
My analysis in 1990 was, vide Colignatus (1990a), and the first edition of this book in 2000 stated:
“In my analysis the moral imperative for the Western nations since the Fall of the Berlin Wall is to help the Russian and Eastern European peoples to recover from the brutal communist oppression that they have suffered. The best way to help is to allow trade. But the West is afraid for cheap products, and thus its own unemployment. And hence there are barriers to trade again. But the true cause of unemployment is not external, but internal to the West, internal in our system of economic policy making. It is the West’s own stupidity that causes hurt to others.”
The second edition of this book in 2005 witnesses the Enlargement of the European Union on May 1 2004. This is a great step in the right direction. There are still obstacles, however, if not internally to the EU then externally to the other nations.
The argument thus has not changed fundamentally.
Hence, the moral imperative for Western nations is to reconsider the Trias Politica structure of economic policy making. [33]
Book III
Economics ‘as usual’
12. Introduction
In ‘economics as usual’ we neglect the World Wars and concentrate on the current problem of stagflation. This book then also provides a novel explanation in this area - novel in the sense that it bundles the articles that have been written since 1989.