I began thinking seriously about economic theory in 2013 when there seemed to be no coherent, widely accepted theory of money. If the experts can’t agree [I thought], maybe my advancing experience and insight can be shared in a constructive manner.
I left the University of Idaho in 1959 with an Agricultural Engineering degree to serve in the U.S. Navy as a line officer. After 3 years of sea duty, I left the Navy to begin farming and pursued that career for 51 seasons. During those 51 years, I had the good fortune to serve on a local electric utility board for 42 years and on the Energy Northwest board of directors for over 30 years in many roles.
My early training, coupled with over 60 years experience with a ham radio license and over 15 years with a home built seismometer, reflects my proclivity toward science based thought patterns.
Years of farming and public life as an elected official presented economic challenges on many fronts. Each challenge presented an integration requirement to find consistent, non-contradicting, socially and economically acceptable, patterns. One of the most consistent recognizable patterns was that one person’s gain is usually another’s loss. The only consistently acceptable solution was shared responsibility, with shared gains and shared losses when forward disadvantage was unavoidable.
Decisions eventually became mostly mechanically based. It became easy for me to see that all aspects of economic life are related in a very mechanical way. My blog reflects this mechanical approach.
Please feel encouraged to comment on each of my posts if you feel you can make a constructive contribution. I learn from every comment but constructive comments are the best!
In turn, I hope you can learn something from my experience, ideas, and devotion to finding smooth transitions between competing economic analogies. Perhaps our shared experiences will someday meld into robust economic theory.