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Econosphere ​

Summary to be written.

DocumentAuthorDetail
ProductivityJohn HarrisonNational productivity statistics and real Gross National Income (GNI) per capita have flatlined across developed economies for decades (Brynjolfsson, Rock and Syverson, 2019). While macroeconomic commentary routinely focuses on big tech and corporate capital expenditure, OECD data demonstrates that large "frontier" corporations have maintained steady productivity growth while the small business and subcontractor sector has severely stagnated (Andrews, Criscuolo and Gal, 2015).
FrictionJohn HarrisonThis paper outlines the systemic transition of modern industrial economies from wealth creation to wealth extraction. By analysing the structural divergence between productivity and wages, platform-based rent-seeking, Parkinsonian administrative growth in public contracting, monopolistic agricultural supply chains, and transaction-tax compliance drag, this study demonstrates how intermediate friction impoverishes primary producers and workers. Finally, it evaluates indirect tax policy, contrasting convoluted Value-Added Tax (VAT) and Goods and Services Tax (GST) regimes with New Zealand’s broad-based, uniform-rate GST model as a mechanism for reducing systemic administrative overhead.
Growth or DeclineJohn HarrisonThis paper critiques the institutional reliance on Gross Domestic Product (GDP) as an accurate metric for standard of living, utilising Gross National Income (GNI) and real per-capita datasets to reveal a long stagnation across advanced economies. I examine how this underlying stagnation is structurally masked by public debt and population expansion.
Extraction EconomicsJohn HarrisonThis paper analyses the structural transition of modern economies from value creation to value extraction. By examining the decoupling of productivity and wages, the rise of platform rent-seeking, Parkinsonian administrative growth, and monopolistic supply chain practices, this study demonstrates how systemic intermediary friction impoverishes primary producers and consumers alike while driving broader socioeconomic deterioration.