White Alchemy in Religion and the Arts: Wealth Without Cost Volume 2 - Hardcover

"This is the second volume of two-volume work examining the concept of costless inputs to wealth creation. Costless inputs are scarce, create value, cannot be purchased, and, the author argues, must be nurtured by free institutions relying on the voluntary principle and eschewing coercion. Examples he gives are loyalty, saving in perpetuity, giving, proprietary appropriation, stewardship, altruism, and freedom. He opposes freedom to state control, equality, and political correctness, which he argues have undue economic costs. This second volume extends the argument beyond economics to religion (Christianity) and the arts, which are similar creators of costless wealth, he writes."--ProtoView

Value is Created by Freedom In Volume One of Barry Bracewell-Milnes' Wealth without Cost described the costless creation of wealth, the creation of economic value without the use of costly inputs. Volume Two extends the argument to religion and the arts. By contrast with what is widely believed, economics, religion and the arts are structurally similar orders for the creation of value and - as Quintilian argued - the structural similarities extend to comparisons between the various arts themselves. Value can be created by the primary activities of entrepreneurs, prophets and artists and through the secondary activities of stewards and critics and the process extends to tertiary value creation by consumers. The market economy, the Christian community and the republic of letters are extended orders in Hayek's phrase. All three are characterised by the division of labour. The most important resemblance between economics, religion and the arts is that value is created by freedom and the voluntary principle and diminished or destroyed by force, compulsion and violence in their various forms, including anarchy and the activities of government.