Books
Germinal has published nearly two 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.
A History of Wealth Distribution in the United States (Volume 2)
January 1, 2023
The United States is the wealthiest country on the planet and this wealth that we all know is not a coincidence. The accumulation of capital and wealth is the evolution of the history of a whole country that commenced as a mere British colony in North America to become the most powerful and wealthiest nation in post-World War II. In order to understand why and how the United States became so wealthy, it is therefore necessary to comprehend how the distribution of wealth has taken place throughout its history. The undeniable fact is that American society is a socioeconomically unequal society, and the foundation of this socioeconomic inequality is capitalism.
This book subsequently argues that although the wealth has been unequally distributed because of the nature of the capitalist system, this same system has enabled the ordinary American citizen to significantly improve his living standard compared to that of other advanced economies, and it has enhanced its economic development by creating economic opportunities for immigrants to improve their lives. In other words, despite the shortcomings of the unequal distribution of wealth that we all know, this system has not always brought negative aspects to American society. It has also enabled the United States, as a free society, to promote the concept of private initiative, which is the cornerstone of individual freedom and the land of economic opportunity. This book, therefore, embarks on the history of the distribution of wealth in America by explaining the metamorphoses of the accumulation of capital throughout its economic, political, and social development.
A History of Wealth Distribution in the United States (Volume 1)
January 1, 2023
The United States is the wealthiest country on the planet and this wealth that we all know is not a coincidence. The accumulation of capital and wealth is the evolution of the history of a whole country that commenced as a mere British colony in North America to become the most powerful and wealthiest nation in post-World War II. In order to understand why and how the United States became so wealthy, it is therefore necessary to comprehend how the distribution of wealth has taken place throughout its history. The undeniable fact is that American society is a socioeconomically unequal society, and the foundation of this socioeconomic inequality is capitalism.
This book subsequently argues that although the wealth has been unequally distributed because of the nature of the capitalist system, this same system has enabled the ordinary American citizen to significantly improve his living standard compared to that of other advanced economies, and it has enhanced its economic development by creating economic opportunities for immigrants to improve their lives. In other words, despite the shortcomings of the unequal distribution of wealth that we all know, this system has not always brought negative aspects to American society. It has also enabled the United States, as a free society, to promote the concept of private initiative, which is the cornerstone of individual freedom and the land of economic opportunity. This book, therefore, embarks on the history of the distribution of wealth in America by explaining the metamorphoses of the accumulation of capital throughout its economic, political, and social development.
Poverty, Inequality & Economic Policy
July 26, 2022
Poverty and inequality are perhaps the two most addressed and debated economic and social phenomena among economists and non-economists. This is because these two concepts have an impact that goes far beyond their economic dimension. Poverty and inequality affect almost all areas of society because they are phenomena that directly impact human activity.
Poverty and inequality are seen as scourges and permanent obstacles to human development. And the best way to fight these two scourges, according to a majority of social scientists, is to rely on economic policies that advocate economic planning. Most social scientists on economic questions are in favor of economic planning because it focuses on the equal redistribution of wealth as they believe that redistributing the wealth equally will not only reduce inequalities, but it will also eradicate poverty.
This book, however, disagrees with the premise that economic planning is the most effective way to solve problems linked to poverty and inequality. The central thesis of the book is centered on two arguments: (1) poverty and inequality can never be eradicated because these two phenomena are intrinsic to the human condition, and therefore planning-oriented policies cannot be efficient in maximizing human development, and (2) economic policy to combat these two phenomena must be based on utility theory because utility theory reflects the choices and preferences of individuals, which can neither be planned nor controlled by the state.
Black Culture & Generational Poverty
March 29, 2022
The purpose of this book is to examine the fundamental causes that have persisted in keeping Black America in generational poverty. Generational poverty is defined as a family having lived in poverty for at least two generations, and the Black community in the United States has been poor for more than two generations at least. Many sociologists, economists, and historians have argued that generational poverty is due to the legacy of slavery and racism. This book argues that racism and the legacy of slavery are not the fundamental causes of generational poverty in the Black community but rather the counterproductive and pernicious habits that Black Americans embraced as a culture. This book engages in empirical research to deepen our understanding of the economic and social upheavals that keep Black America in a cycle of perpetual poverty. Although this book is the product of scientific research, it is designed for a general audience as well as an academic audience.
The Economic Policy of Thomas Jefferson
February 15, 2022
This book is a work of economic and historical analysis which dissects the economic policy of Thomas Jefferson when he was President of the United States from 1801 to 1809. Known to be the ideological opponent of Alexander Hamilton, Thomas Jefferson is considered by many professional historians to be the father of the anti-federalist movement and a strong advocate for limited government. Despite not being a trained economist, Thomas Jefferson nevertheless had a well-defined economic policy based on the frugality of the federal government, and the autonomy of the states to conduct their policies as they see fit. Jefferson believed that a laissez-faire economy was the most suited system to ensure a sustainable economic development. This book aims to elucidate in-depth how the Jeffersonian economic policy stabilized the American economy and put it on the rails of growth to become a continental power.
A Statistical Inquiry into the Cost of Healthcare in America
December 8, 2021
It is an undeniable fact that healthcare in the United States is significantly expensive. It is the most expensive sector of all social industries in the economy. More importantly, the American healthcare system is the costliest system among all the healthcare systems in the world. The American citizen pays far more than any other citizen from OECD countries or any other advanced economies. But why Americans’ healthcare expenditures are higher than anyone else? The purpose of this book is to offer a statistical analysis of the fundamental reasons that led to the increase of the cost of healthcare in the United States since the 1960s and how this increase is affecting different social classes of American society from various perspective.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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 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.