Since 2014
Economic Progress as Related Sets of Non-Repeating Eclipses
Journal of Economics Library
View Archive Info| Field | Value | |
| Title |
Economic Progress as Related Sets of Non-Repeating Eclipses
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| Creator |
AMAVILAH, Voxi Heinrich; REEPS PO Box 38061 Phoenix, AZ 85069-8061 USA vhsamavilah@gmail.com amavilah@msn.com |
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| Subject |
Economic progress; Object-idea eclipse; Idea-object eclipse.
O10; O33; O47; N10. |
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| Description |
Abstract. I use a seemingly simple analogy of lunar and solar eclipses and set theoretical language to characterize how objects (factors) and ideas (forces) have determined the course of economic progress. In the early Ages economic progress depended heavily on objects, i.e., objects eclipsed ideas. From the end of Classical Antiquity to the present, objects, ideas, and their interactions and intra-actions have driven economic progress. The future of economic progress would depend principally on ideas, not because objects would vanish, but because object productivity would increasingly depend on ideas. While the welfare implications of the full idea eclipse of objects are difficult to pin down, they are not inconceivable. One obvious outcome is that different regions and countries will continue to perform differently because ideas will remain unevenly distributed, and even when they are evenly distributed, they will not be equally productive in all places. Such a policy implication recommends more investment in ideas than in objects in order to close the gaps in economic progress across regions and countries.Keywords.Economic progress, Object-idea eclipse, Idea-object eclipse.JEL. O10, O33, O47, N10.
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| Publisher |
Journal of Economics Library
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| Contributor |
—
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| Date |
2016-06-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEL/article/view/825
10.1453/jel.v3i2.825 |
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| Source |
Journal of Economics Library; Vol 3, No 2 (2016): June; 295-302
2149-2379 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEL/article/view/825/872
http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/825/360 http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/825/361 |
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| Rights |
Copyright (c) 2016 Journal of Economics Library
http://creativecommons.org/licenses/by-nc/4.0 |
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