Books

Germinal has published over a dozen books in economics and political science. His books essentially focus on the economic analysis of political and social issues. His most important books are displayed on this page.

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BLACK AMERICA & THE ILLUSION OF POLITICA
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The Efficiency of Capitalism

July 10, 2019

Capitalism is an economic and political system in which a nation’s trade and industry are controlled by private owners for profit, rather than by the state. Capitalism has been strongly criticized on the premise that it generates more social inequality and disparity. However, although free-market economics has its highs and lows, it has been proven to be the most efficient and effective means of production in which individuals are free to pursue their own self-interest. The Efficiency of Capitalism is a collection of essays that examines the conceptual elements of free-market economics. It investigates the economic and political factors that stimulate free-market economics to remain a feasible system accessible to everyone.

Democratic Socialism on Trial

August 5, 2019

Democratic Socialism is a political philosophy that advocates achieving socialist goals within a democratic system as opposed to what it perceives as undemocratic socialist ideologies such as Marxist–Leninist-inspired socialism which is viewed as being non-democratic in practice. In the United States, the ideology has substantially grown and began to be considered as the main alternative to a "ruthless" capitalistic ideal in America. If Socialism as an alternative regime failed to sustain and resist capitalism within the fall of the Berlin Wall and the dissolution of the Soviet Union, it is certain that democratic socialism will also disappoint human nature. The purpose of this book is to explain the reasons why Democratic Socialism is inapplicable in the United States as an effective and practical political regime.

The Problem of Egalitarianism

September 4, 2019

Egalitarianism. This concept in political philosophy, which for centuries, has been the epicenter of political and social debates between intellectuals, but also between ordinary people. Equality between men has always been the perpetual quest of the collective. Not that of the individual. The fight for equality is always rooted in morality. Egalitarianism in itself has no economic, political or social foundation; but strictly and purely a moral one. A society that makes egalitarianism its highest and ultimate purpose has resulted in more inequality. The purpose of this book is to explain why the quest for equality does not serve society on a long-term basis, but on the contrary; widens the inequalities that already exist between men.

Income Inequality and Economics

October 9, 2019

Income Inequality is an element of the human condition that has incentivized debate among all members of society. Income inequality is, in fact, the central issue of economic debates between Democrats and Republicans, and conservatives and liberals. On the one hand, Democrats and liberals argue that a few people in America control the whole wealth of the United States; and these few people are the ones responsible for the enlargement of the wealth gap. On the other hand, conservatives and Republicans hold that billionaires are rich because they are the ones who have the means to produce wealth, so they, therefore, deserve to be rich. Regardless of who is right upon this argument, income and wealth inequality is an issue that will never be fully solved because economics is a perpetual cycling phenomenon. The purpose of this book is to explain the economic, social, cultural, and political factors that contribute to the development of income inequality as a necessary evil in society.

Classical Liberalism in Africa

March 28, 2020

Classical liberalism is a political ideology that emphasizes economic freedom and individual liberties for an individual living in a civil society. In a nutshell, it is an ideology that promulgates the extent of the freedom of man and the confinement of political authority over that freedom. However, classical liberalism, like capitalism, is perceived by the majority of Africans as a Western imported product that is not compatible with African political culture. Though, the political instability that has endured in Africa, and made it an economically ill place, is not a hazardous fact. It built up from the fact that African governments never valued the rule of law, the freedom of the citizen and the protection of private property. The purpose of this book is to explain that classical liberalism is the solution to fix the sociopolitical and economic predicaments of the African continent.

The Economic Development of West Africa in the Twenty-First Century

May 27, 2020

The Economic Development of West Africa in the Twenty-First Century is a book of economic theory that seeks to explain empirically how West African nations can develop their respective economies in order to not only increase the living standard of their population but to also stimulate a regional economic growth. The book subsequently presents the introduction of a new economic model to determine how economic growth could potentially occur in West Africa on a long-term basis. To demonstrate his analysis, the author has combined the elements of public choice theory, which emphasize on the political features of an economy and those of the Solow Growth Model, which focus on generating economic productivity. The combination of the elements of these two economic tools is designed to determine, not the outcome, but the process whereby economic growth in West Africa could be stimulated in a long-time period.

The Economic Condition of Black America in the Twentieth Century

June 30, 2020

"The Economic Condition of Black America in the Twentieth Century" is a book of economic history that explains in-depth the economic condition of the African American community in the United States from 1900 to 1999. During the twentieth century, the African American community has unfortunately been one of the most economically lagging communities of the national population of the United States. Racism is undeniably an essential factor that has deleteriously contributed to the impoverishment of the African American community, yet it is not the sole factor. In addition to the racism that has been institutionalized throughout the twentieth century by both political parties; the state itself; which is an organization of institutions, has also egregiously expanded the impoverishment of the African American community by implementing policies that reinforced the criminality of certain acts. The principal objective of this book is to utilize historical and empirical data to substantiate that the use of coercion by the state apparatus has not only impeded the individual rights of African Americans, but it has also decimated them economically.

The African "Nobel Prize"

September 26, 2020

The purpose of this book is to propose a new incentive to stimulate economic and social development in Africa. This incentive is to implement and promote a prize similar to the framework of the Nobel Prize that would promulgate science and reward the scientists that have contributed to the development of the African continent. Incidentally, it will advocate for the need of having a higher level of education in Africa and a highly skilled human capital to lead the prospective regional economic growth. Created in 1901 by Swedish Businessman and chemist, Alfred Nobel; the Nobel Prize is the most coveted prize in the world. It rewards intellectual outstanding contributions to the advancement of the knowledge in a particular field of study which has taken humanity in a positive direction. Its influence and prestige have deeply impacted the world and enhanced science as a vehicle to improve the quest for knowledge as well as to ameliorate the economic condition of societies. This book seeks to expound how the “African Nobel Prize” could significantly contribute to the stimulation of economic and social development in Africa.

Political Decisions and Economic Outcomes

November 7, 2020

The purpose of this book is to explain the dissociation that political decisions have on economic outcomes. For centuries, it has been widely believed that political power will lead to economic emancipation. It has been believed that the implementation of legislation will provide a positive economic outcome on the livelihood of the layman. However, this misbelief has generally impoverished the societies which relied on it than those who did not. This book argues that political decisions generally affect negatively the economic condition of ordinary people since those who make political decisions made those decisions without considering or ignoring many factors that directly impact the daily lives of the laymen. Ultimately, this book argues that economic outcomes are beneficial for the layman when he has the freedom to decide what is best for him based on his own reality.

Limited Government & Political Decentralization:

An Economic Approach to Politics

January 30, 2021

Limited Government and Political Decentralization is a book of economic theory that analyzes the relationship between market forces and government regulations. The central argument of the book ensconces two theoretical foundations: (1) that economic growth occurs faster and more sustainably in a society where the role of the government is more contained in economic and social activities, and (2) that society flourishes better when individuals address their problems locally through market resources and local government rather than relying on a central authority who controls society uniformly. Evidently, it does not mean that the government has absolutely no role to play in society. Government, although a coercive organizational apparatus, is necessary to establish the basic rules that define a society’s social order. This book uses economic tools such as calculus techniques and statistical methods to analyze the political role of the government in economic and social affairs theoretically and empirically.

An Economic Analysis of Racial Inequalities and the Redistribution of Wealth in America

April 6, 2021

The United States has a long racial history. Race has been the epicenter of the dark side of American political, economic, and social culture. More importantly, the concept of race in America has been associated with the way in which national income and wealth were accumulated and redistributed across American society. This book is a book of scientific inquiry. Its aim is to analyze the relationship between the different ethnic groups of the national population and the redistribution of wealth from the 2000s until today. This book essentially argues that some ethnic groups accumulate less wealth and capital than other ethnic groups because some government laws have prevented them from accessing economic resources to create and accumulate the wealth.

Black America & The Illusion of Political Power

June 6, 2021

This book is a work of economic analysis that seeks to explain why political power, rather than liberating the Black community, has instead worsened their condition. The premise of this book is based on the assessment of Thomas Sowell and Walter Williams, who both argued that relying on political power to achieve economic salvation is a naïve and fallacious belief. The author in this book expanded on Dr. Sowell’s and Dr. William’s assessment by using the public choice approach to demonstrate indeed that the empirical evidence overwhelmingly contradicts this false belief that having more Blacks in position of political power would help Black Americans achieve their economic salvation. The author illustrated how race baiters, the media, and Black politicians have been relying on the political process to increase their personal gains (wealth, social status, and influences) while using Black Americans’ grievances.

The Economics of Gender Relations

July 31, 2021

This work is a book of scientific inquiry that analyzes the dynamic between men and women and the value they bring to the development of society from an economic standpoint. The aim of this book is to demonstrate that the dynamic between men and women is not based on a manufactured equality engineered by radical ideologues who based their claims on unsubstantiated premises for political expediency, but instead an interdependent and complementary relationship where both genders bring economic value to society based on their respective biological structure and psychological determinations. This book essentially argues that men and women are both rational economic agents whom both rely on their respective biological and psychological roles to maximize their welfare. In seeking to maximize their own welfare, they end up creating value that improve the economic and social development of society as a whole.