The Soulful Microeconomics Of Disequilibrium.

That which cannot be seen not only has tremendous potential but it is also quite revealing about how best to scientifically investigate. Some would say that the human soul is glorious and magnificent but who has ever seen it? Analogously the values subjectively given to all goods and services by each and all of the people in the world cannot be seen.

When an exchange takes place the buyer values what he gets in the exchange more than what he sells and the seller values higher what he gets in return. It is incorrect to say these are equal because if they were merely equal there would be no reason to exchange. The price agreed on is sufficient for exchange but that is all it indicates.

What is hidden is the value and it is disgraceful for economic science to simply pretend that the two things in the exchange are equally valued.

So you see unless you are willing to recognize that the unseen and hidden have tremendous potential for helping to advance scientific understanding most of what is meaningful is ignored.

The three major differences between this book, The Human Essence of Economics, and any other microeconomics book are:

1.     The source of subjective valuation is identified.

2.     The real world is what we are interested in and it is recognized as a dynamic disequilibrium.

3.     Primarily, it is the searching entrepreneurial spirit that drives the economy.

Look around; compare this approach with any and all other books about microeconomics and compare it with the real world that you live in. That will be reason enough for you to prefer this book over others and also for you to be intrigued about its contents.

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