Nature, Properties and Laws of Wealth: Beginning of a New Science

ISBN: 0761843639

Author: Gopinath, B. V.

Condition: New

Nature, Properties and Laws of Wealth is a maiden attempt to study wealth the same way a chemist studies matter. The book discusses in detail the general laws of wealth: the Law of Conservation, the Law of Equilibrium and the Law of Mass Action. The general property that wealth moves from higher concentration to lower concentration is explained with many real-world examples. Like matter and energy, wealth can neither be created nor be destroyed but can be changed from one form to another. Reactions involving this change in wealth are termed "economic reactions." All economic reactions are reversible in nature, which is why there ought to be a credit of equal amount for every debit. By adopting the methods of chemists to speed up chemical reactions, one can speed up economic reactions.