What Is Money And Wealth?

Money is merely a the means of exchange that overcomes the inefficiencies of barter, and wealth has to do with recognizing the inherent ‘attributes of God’ in all things and finding fulfillment in playing a part in their distribution through human action.

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Divine Economy Theory – What Is It?

There are synonymous terms although conceptually the ‘divine economy theory’ is significantly richer. Some of the synonymous terms are ‘unhampered market economy’ which is referred to by Ludwig von Mises in Human Action and there is ‘laissez-faire’ championed by Anne-Robert-Jacques Turgot. Basically the gist of the meaning of these terms (including ‘divine economy theory’) is that the market process captures most perfectly the will expressed through human action of all of the human beings on the planet.

Conceptually the ‘divine economy theory’ is significantly richer and part of the reason for this comes from the power of refining natural law. Early in the history of Western Civilization as witnessed in Thomism and later in the works of the Spanish Scholastics, science included religion and theology was regarded as the queen of the sciences. Within this harmonious relationship between science and religion the Aristotelian logic was applied to all fields of knowledge for the purpose of advancing human understanding.

In a similar manner the divine economy theory recognizes the limitations of humans yet at the same time it recognizes that humans have a spiritual nature. According to natural law, then, there will never be a time or place where any human being will be omnipresent and omniscient such that the infinite dynamism of the market process can be comprehended.

In no way does that negate the magnificence and irrepressible potency of the equilibrium forces inherent in the market process. In the physical sciences there are forces like magnetism and light which are partially understood and which have known properties, but gaining absolute knowledge of its origin lies beyond reach. The same is true with the harmonious equilibrium forces at play in the market process. Trusting that magnetism operates and that light operates and that economic equilibrium operates is a sign of wisdom, not a weakness!

Those who ignorantly or arrogantly claim to know better than the equilibrium forces operating as part of the market process are ego-driven and have no moral authority to interfere with the economy. This is the obvious conclusion of the divine economy theory.

The divine economy theory is readily at your fingertips. With a click or two you can buy – inexpensively – any or all of the books in the four book series: macroeconomics,microeconomicsethical economicseconomics justice, respectively. There is no time like now to understand economics and ethics and justice.

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Selection Of The “Fittest” Entrepreneur Benefits Everyone.

The keen entrepreneur is able to forecast demand and costs in the competitive environment of the market. Very often entrepreneurs use capital to pay workers now and then reap a profit later. The competitive market ensures that those who are most able to satisfy the consumers’ desires earn the greatest profits, which means that the most adept entrepreneurs will always be the ones serving the consumers. This selection process benefits everyone.

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Printed Books Are Almost Ready!

As a way to serve the audience that prefers printed books this blog post is to announce that the printed book publishing process is about to bear fruit!

The first book in the Divine Economy Theory series ,“More Than Laissez-Faire”, is scheduled to be available by the end of May, and the second book in the series,  “Human Essence of Economics”, is scheduled to be available by the end of June.

Since these together constitute a great economic textbook covering both macroeconomics and microeconomics, that book set which is titled “Macro & Micro Economics Renewed” is scheduled to be available sometime in July.

The ebooks have been available for some time!

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All Human Choices are Subjective (Rational), . . .

All human choices are subjective (rational), not necessarily economic or ethical. Humans make choices subjectively – based on the limited knowledge available – as only each and every person can and therefore as each and every one does.

The choices may or may not be regarded as ‘economic’ or ‘ethical’ and this is very much a possibility. This is determinable because there is a science of economics and there is a science of ethics which can be used to evaluate choices and decisions and ultimately as a result lead to learning how to make better choices.

The goal of education is to better illuminate the sciences so that the subjective decisions and subjective choices made by humans are closely aligned with science.

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The Beauty Of The Market Process!

The fact that humans are subjective – make decisions subjectively and value things subjectively – implies that each human has limited knowledge and based on this limited knowledge decisions are made and things are given valuation. This is why education is highly prized, because it increases the scope of knowledge and it provides the skills and tools for processing knowledge.

Built into human civilization is the ‘mechanism’ for increasing the flow of knowledge of all types. Inherent in human civilization is the market process which optimizes the dynamic nature of all information in ways that optimize the production of goods and services for all of humanity now and across the time horizon.

This is the beauty of the market process. It is what ameliorates the weaknesses associated with human subjectiveness and yet it is what enables the subjectiveness of humans to be the determinant of what comes into being.

Undoubtedly then, all interference with the market process is detrimental to individuals and is detrimental to all human societies both now and in the future. The most generous and the most beneficent ‘policy’ is to terminate all economic intervention!

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