The Unity of Science and Economics

Viac o knihe

Grounded in physical and biological principles, this book introduces a novel economic theory that highlights the relationship between technology, social systems, and resource management. It critiques mainstream economic theories for their inconsistencies with physical laws and offers a mathematical framework to analyze economic activities. By establishing two fundamental principles of resource extraction and consumption, the theory enables the evaluation of various policies and institutional structures based on resource availability, emphasizing the need for context-specific approaches in a changing economic landscape.