Very encouraging peer reviews of the whole work have been given as follows:

This one is important and needs to be enlarged for reading. What it says is basically what everyone is saying. It was written for South African Immigration but is international in intent. If adopted by any nation it will restore economic normality faster than anyone thought possible. Kindly the professor has allowed it to appear here.


"I have known Edward Colin Dudley Ingram for more than three years. He has rare creative skills and a detailed knowledge of economics and financial services that have enabled him to make headlines for much of his career....The added value in the stream which he is exploring may place him at the forefront of economic policy making.[emphasis added]..He has impressed many of our colleagues here in academia....His models for mortgage finance, government finance, and maybe currency stability will benefit South Africa [for whom she was writing but it is international], and our financial institutions in many ways. It will make them stronger."

"And the students that are doing courses in the Financial Sector will soon be benefiting from the book that Mr. Ingram is writing. It may well become prescribed reading – a part of their syllabus." 

Azam Ali, ex Senior Economist, Bank of Pakistan, writes, “I am following your endeavours in rewriting the economic framework with great interest. In principle, I am on the same page with you on all the issues you raise.”

NOTE: The issues all stem from one source – prices should be free to adjust. If they were free to adjust as text books would have us believe, then there would be no major imbalances in the world’s economies. But there are constant imbalances recurring and renewing all the time – in housing, in money creation, in currencies – and in the values of bonds and all kinds of other assets. None of these rise slowly as the level of demand increases.

Andrew Pampallis, Retired Head of Banking at the University of Johannesburg wrote, “When people realize what you have done all hell will break loose.” He means that every financial institution will have to make changes.

Dr Rabi N. Mishra, Economist, and a Chief General Manager, Reserve Bank of India writes: “This book will inspire rethinking on the perimeters of economic thought and theory…”

Alan Gray, Editor-in-Chief, NewsBlaze, writes, “The Macro-economic Design group’s elegant solution is so simple that it has eluded the big economic thinkers of our time, because everyone was looking for a complex solution to a complex problem.”

Edward now writes for South Africa's premier Financial Services Website, Fin24. There are 42 essays written and published there on this subject. Here is an index to most of those essays.

If you would like to be a part of this, please join Edward's discussion group

And spread the word far and wide. Tweet it.

Help Edward to get speaking engagements.

Mention it to your Member of Parliament

Ask your connections to pay attention.

Thanks. Regards, Edward

Earlier peer reviews are as follows:

This one was written on letterhead, at the request of the USA authorities in September 2008

To Whom It may Concern

I have met with Mr. Edward Ingram on several occasions and discussed his theoretical proposals regarding models to solve numerous financial crises that the global economy [has] been faced with.

I can conclude without doubt that these models are credible and academically sound. The logic behind the construct of the results of these models is clear and comprehensive.

I fully support and pledge my assistance in the venture put forward by Mr. Ingram.

Best Regards,

(Name and major world consultancy group not given due to business interests
Actuarial Analyst
Actuarial & Insurance Solutions

Written by this member of a high level review team in 2004


By John Robertson

The usual methods of calculating mortgage bond payment schedules do not take account of the buyers’ changing circumstances through the life of the mortgage bond, and neither do they take account of the value of the money being paid to the lenders. Over the years, severe imbalances have built up between demand and supply of mortgage funding as a result, and these have often spilled over into severely distorted price levels in the property market.

As the world’s more active economies are locked into the need to achieve compound rates of growth, the retention of level mortgage bond repayment schemes has slowly and steadily caused the development of distortions and stresses in the property market in particular, but in many other financial fields that try to satisfy the needs of both lenders and borrowers.

Having allowed linear payments schemes to remain in place for the past century or more, despite the exponential nature of normal growth aspirations shared by individuals and countries alike, major conflicts of interest have emerged, but until now, nobody has tried to fully explain them.

Now, Edward Ingram has sought to do so. His aim is to overcome the source of social and financial stresses that have accumulated to become serious threats to the stability of financial and property markets everywhere and have already caused serious problems in many of them.... [Edward's Emphasis]

The mathematics of how debt repayment should be done is mostly Edward's work and it can be found right here.

The Institute of Actuaries in London then confirmed that they understood this and liked it: email from Roger Bevan:

RE: Ingram's Lending Systems - Press release for specialist media, cc FT.
Thu, 28 Oct 2004 20:37:08 +0100
"Roger Bevan" <>  View Contact Details
"Edward ingram" <>

Further to my e-mail yesterday, we would like you to delete the three lines that start 'PRESS references ...' and end 'Tel: 0207 632 2100' and alter the four lines that start 'Mr. Ingram recently visited ...' to:

Mr. Ingram recently visited the Institute of Actuaries in London for a further peer review. The two people at the meeting - Roger Bevan FIA and his colleague Mark Symons - were both impressed....
Earlier work: Right Click on it to enlarge on a new tab

That series in the Building Societies Gazette, started with an unprecedented three page introductory script by Edward and his Housing from Income Committee in October 1974. As the above letter says, it changed a few things and there is more to come.

The first page of that published series can be found here.

The original draft mortgage model outlined in those essays has been re-invented by two Cambridge academics for Turkey where it is in operation. It is not the best mortgage model as Edward stated in his letter to The Times seen on that same (above) page. 

The improved mortgage model, explained on these Blog pages is widely regarded as the best ever mortgage model - subject to some learning by experience that may improve it further.

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