TITLE:
Laborism. The Economics Driven by Labor
AUTHORS:
Mieczysław Dobija
KEYWORDS:
Labor, Laborism, Thermodynamics, Fair Compensations, Credit, Deflation
JOURNAL NAME:
Modern Economy,
Vol.6 No.5,
May
25,
2015
ABSTRACT: Economics includes many
strands of thought such as Marxism and monetarism, but one thread, in which
work is the essence and the most important part of the debate, manifested in
the very beginning of civilization and continues to the present day. Laborism is
a term used today in circles dealing with socio-economic thought. In this
paper, however, a modern laborism is presented as a compact, coherent,
integrated and scientific theory of economy, which is best for the practice of
balanced socio-economic development. What’s more, laborism has the potential to
solve emerging problems. Principally, laborism involves all economic threads
focused on expenditures of labor, including ancient labor economics and
classical economics as well as the double-entry accounting theory. Contemporary
laborism is reinforced by the scientific perception of labor and capital as
well as positive results of research on the measurement of human capital and
equitable remuneration. It is worth noting that contemporary laborism offers an
economy with a low tax burden and no budget deficit.