The Global Economy and My Little Corner


  • Philip McShane Mount Sanit Vincent University


Lonergan, Economics, Basic Variables


This final essay returns to the basic issue raised in the first essay and places it in the fuller context of the dynamics of the untrammelled spirit of inquiry. That spirit of inquiry, the heart of serious science, is just not present either in contemporary establishment economics or in the range of views opposed to it. So, neither group takes seriously the quest for real basic variables. Such seriousness has to emerge from a creative minority, towards which this volume reaches. The creativity demanded is the coming to grips with the dynamics of any business and the drawing of attention to it.

Author Biography

Philip McShane, Mount Sanit Vincent University

Philip McShane, a frequent contributor to this journal, has been championing Lonergan’s achievement in functional specialization for almost fifty years. His prodigious written output – it includes at last count 28 books, numerous articles, and many web series - may be explored at Philip McShane. His most recent books include The Allure of the Compelling Genius of History: Teaching Young Humans Humanity and Hope (Axial Publishing, 2015) Profit: The Stupid View of President Donald Trump (Axial Publishing, 2016) and a third edition of Economics for Everyone: Das Jus Kapital.