David Harold Chester was born in London in 1937. He was an engineering apprentice with a famous British aircraft company. Simultaneously, between 1953-1957 he studied Aeronautics Engineering and graduated with a Diploma of Northampton Engineering College, Islington (now called “The City University”). Between 1958-1959 he studied and obtained a Diploma of “The College of Aeronautics, Cranfield, UK (also renamed as a Management College), which was converted to an MSc in 1972.He also studied economics at the Georgist School of Economics. London, and by self-study. During a long carrier in engineering in AeroSpace, he published 14 technical papers in international journals on related technical subjects. Retired 2008, currently writer and author of a recent book: “Consequential Macroeconomics—Rationalizing About How our Social System Works”, 2015, and 2 additional related working-papers (in open literature form) about the model being used in this book:SSRN 2600103 “A Mechanical Model for Teaching Macroeconomics”, 2015 and SSRN 2865571 “Einstein’s Criterion Applied to Logical Macroeconomics Modeling” in 2017.

BLURB--ABOUT MY BOOK:Their over-simplified results are unsatisfactory, whilst more recent computerized models are unsuitable for student understanding. This book presents a scientific, compact, but complete theory about how our social system actually works, viewed from sufficient a distance so as to capture all of it, whilst providing a good picture of its various activities. The assumptions and definitions allowconstruction of a seamless model, logical in its development and complete.Details given are of the circulating money, goods, services and valuable documents, with many original ideas in the subsequent analyses. The book is suitable for students of economics who wish to avoid the confusion of past explanations. They should have some acquaintance with economics and high-school mathematics, to include elementary matrices and the notation of the calculus. This book is useful for teaching purposes, because of its more general terminology (with definitions) than before. The development also opens the way for research.

After years of research and intermittent writing, my book on theoretical macroeconomics was published in March 2015. (it is included in my CV.) The diagram, which should be enlarged to see all 38 flows and 6 entities, is taken from this book.