GOVERNOMICS : A One-Stop Solution for Governing A Nation Well and Managing its Economy Right

This book presents a unique and sustainable model for conducting sovereign governance and managing a national economy. The governance policies and prescriptions contained in the book are based on the idea of justice – the supreme value of humanity. The book defines the concept of justice in specific terms so that it can be applied to any situation in the sphere of governance to arrive at a just stance. Similarly, the book presents a fresh approach to managing a national economy, which takes into account ground realities and the real cause-effect relationship among impacting variables. For example, it shows why the present remedy of raising the policy interest rate to control inflation is not right and also provides its own method of controlling inflation.

In this book, theories blend seamlessly with practice. One finds not only theories of monetary and fiscal management in this book but also the specific actionable guidance according to the stage of economic development of a national economy. Among other things, it provides a framework to compute the right level of minimum wage which enables the workers to take care of their basic needs while keeping it attractive for the entrepreneurs to employ labour. A novel way of creating infrastructure – so necessary for growth – not only enables sufficient availability of infrastructure but also provides flexibility to the exercise of budgeting. Having covered almost all macro level aspects and variables, Governomics emerges as a one-stop solution for governing a nation well and managing its economy right. Being mostly contrarian, its acceptance will be gradual.