Objectives

Primary objectives of the economic simulation are to test the following ideas:

• that an economic system resembling that in the UK or the US is financially and economically unstable. New money is issued against the economic rent of land, but cannot be redeemed.
• that the financial system can be stabilised by introducing a mechanism to share the economic rent of land by means of a market mechanism, substituting for taxation and means-tested welfare.

If the simulation convincingly shows these ideas, it can be used as an aid in promoting economic rent sharing to an audience of politicians, business people and concerned individuals.

If the simulation fails to show these, it can be used as a test-bed to develop alternative approaches to stabilising an unstable economy, and/or the investigation of the causes of instability.