Comments on: Why We Need And Lose Institutions https://www.spencergreenberg.com/2026/07/why-we-need-and-lose-institutions/ Wed, 23 Sep 2026 08:38:43 +0000 hourly 1 https://wordpress.org/?v=7.1.4 By: David Harold Chester https://www.spencergreenberg.com/2026/07/why-we-need-and-lose-institutions/#comment-70838 Wed, 23 Sep 2026 08:38:43 +0000 https://www.spencergreenberg.com/?p=4998#comment-70838 Great!
The institution that we need to replace, having lost it too, is about how our social business system of macroeconomics works (after discovering of what it consists). This has as history where it was badly treated as a pseudo-science that was based on intuition and biased claims. Instead it should be based on logic after it has its terms properly defined and its necessary assumptions clearly stated and confirmed.

We need this new science in order that governments are provided with better ways for investigating the effects of making policy changes by simulation of the whole social business system to find the subsequent results.

This has already been tried, but in every case there have been limitations due to not being able to properly represent the whole of any national economy. So the results are biased to support specific political needs. They are not sufficiently general to cover all of the situation and balance the general needs of the whole population. In connection with the deliberate establishment of non-availability of useful sites of land, it can be shown that this results in social inequalities and greater poverty.

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