Learn About Our Advanced Economy, The New Business Game And Work At Home Income Opportunities
Where is today's economy going now?
If you are planning online work at home income opportunities, a career as an online home-based small businessperson, it is important for you to know where our economy is going now.
And what you can do, not just to survive, but to thrive and prosper in the years ahead.
Let's start with an explanation of the economics of scarcity.
Economics Of Scarcity
When I studied economics 20 years ago, I learned the traditional science of economics: the study of scarcity.
The basis of the traditional economic model is simple: A society's wealth depends on its supply of physical resources (land, fresh water, labor, minerals and other vital resources).
The only way to get more of these physical resources is to buy them or take them from somebody else. And because of the scarcity of most physical resources, one person's gain has to be someone else's loss.
This core economic idea that we are running out of everything (the economics of scarcity) was dominant for a very long time.
But today we're witnessing a new theory of eYouconomics: the economics of abundance. It views the world as providing unlimited resources that permits the possibility of wealth for all.
It is a Theory of Economic Alchemy. "Economic Alchemy" is a dynamic new view at odds with classical economic theory. More and more economists accept that this paradigm best describes our advanced economy now.
STEP 2.2 discusses the Theory of Economic Alchemy in detail. So more on that later.
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