Missing Intellect in Economics and Politics Volume One

During the last two decades, Free Market Economy and Democracy came to the brink of collapse, not because of the many widely discussed issues, but primarily due to the failure of their major principles in real-life applications. These systems, therefore, can not survive unless their major structural problems are dealt with and realistic solutions are implemented. Unfortunately, societies still fail to see the forest for the trees, and are wasting precious time by focusing on secondary issues.

Missing Intellect in Economics and Politics aims to reveal the vital but inadequately recognized aspects of Free Market Economy (Volume One) and Democracy (Volume Two) that are either flawed in principle, or unknowingly or deliberately misapplied in practice. Then, it offers a set of potential solutions that will enable these systems to survive in an environment that is getting ever more complex day by day.

Volume One covers a wide but interconnected range of topics, first examined separately and then integrated to reveal the full picture, including:
Why Fair Competition, a concept beyond the classic definition of free and perfect competition, will be the strongest driver of the society’s welfare.
Why the proper functioning of Free Market Economy and Liberal Democracy requires the average Social Intellect of the society to be above a certain threshold that is rising every passing day, while, contrary to common belief, the Social Intellect of the societies are actually falling.
Why there is a Concentration of Power in both economics and politics that ruins the welfare of the society. And why it has a strong tendency to revert to Cheating - against which the societies are currently so defenseless.
Why improving both the principles and the practical applications of Free Market Economy and Liberal Democracy, in radical ways where necessary, is a better approach than looking for other economic and political systems.
A model of the Dynamics of the integrated system of Free Market Economy and Democracy, where the welfare of the society is based on both the economic growth rate and the change in inequality within the society.
Why in the agency problems faced in economics, the primary trouble stems not from the agent, but from the intellectual inadequacy of the principal.
Why the information asymmetry, that exists between the supply and the demand sides, and between the principals and the agents in economics, is getting exponentially worse day by day.
Why a concentration of power on control over private data collection and information flow implicitly contains financial interests that dwarf those of classic monopolies by orders of magnitude.
Why the society needs social security, and how much should social security compensate in order not to destroy the desire for success and the fear of failure that motivate individuals to perform their best.

Missing Intellect in Economics and Politics shows the reader how to think on macro economic and political issues, rather than what to think on them. Therefore, its content is not bound by any specific society, place or time, but is applicable in different occasions to reveal different but valid solutions.