Description

The primary purpose of this paper is to show how monetary policy may be conducted in a completely mechanical fashion, rendering the discretionary policy of governments and central banks redundant. The numerous benefits of this system - including its congruence with neo-classical economics - are described in detail.
The objective character of the so called "business cycle" is shown to be logically and empirically fallacious - and the various elements of a stable economy - including a mechanical monetary policy - are discussed in detail and shown to have a logically necessary (apriori) character to them.
Keynesianism and Monetarism are analysed in detail and shown to be no more than special cases of the Quantity Theory of Money.
In part two of this work I discuss what apriori Liberal economics necessarily tells us about political science.
The work concludes with the paper "Towards a General Theory of Selection" which sets this discussion in a wider context and presents a new logico-empirical model of cultural evolution to displace the metaphysical "philosophy of history".