About the book, a blueprint for national E-conomy.


CAPITALLESSISM proposes a strong free-enterprise-based, democratic national E-conomy model when no capital is available, either because of a crisis or by speculations. It proposes scientific solutions for the design of a capital-less public cooperative banking system. It proposes economic engineering to create a commodity-based virtual-capital, a national public bank, a nationalized artificial capital creation process called “fractional-reserve-banking” rights, licensed back to banks, and various processes to activate its E-capital circulation in order to achieve a dynamic E-conomy. This is not Socialism, nor Communism. It is COMMUNITY-ISM based on human and spiritual values where inequalities will still exist resulting from individual efforts, yet everybody has a fair financial starting chance for free enterprise. Some of our controversial ideas are not politically right. Austerity is outdated. The nature of national debts may be reexamined. It is inspired by Roosevelt’s second bill of rights and Edison’s visions of a commodity-based currency. It is also inspired by the efficiency of our blood circulatory system, which provides oxygen to trillions of cells. Our proposed MACRO-MODEL copies this model for an effi cient “E-capital” circulation to assure survival and to sustain everyone’s productivity.

NOTE: this publication is really 3 books together in one. Each one treats the topic in an increasingly more-and-more detailed depth level. It helps to keep the overall scope of the macro-model while we study the theory in increasing details. For more information please go to our website: or

Notions about the author, an annoying innovator:

Dr. Anthony Horvath is a Hungarian-born immigrant who came to Canada in 1957 to escape Communism. He doesn’t claim to be an economist. His expertise is information system design and modeling, and his originality is viewing economy with new eyes as a gigantic financial information system, as a dynamic financial information flow. His revolutionary idea: financing the economy with a public owned national fractional reserve banking, franchised back to banks in a public-private partnership.

Ever since being a student he had a reputation of originality and an annoying innovator disturbing the status-quo. He proposed and carried through many controversial ideas, either as a professor at the University of Quebec, as a teacher, as a journalist, as a consultant, as an educational film producer, as an invention marketer, as a research coordinator, as the founder of Horvath Research & Development, and lately as a gourmet cook. At present, he is a director of the Canadian Hungarian Chamber of Commerce, acting as a business and economic adviser. He is a passionate supporter of Hungary’s nationalist economic goals.

The proposed economic macro-model in this book is the direct extension of his INFORMATION FLOW modeling concepts transformed into CAPITAL FLOW design concepts for the economy.