NATURAL ECONOMICS DEFINED<\/p>\n
\u00a0\u00a0\u00a0 As far as I know, I am the only person, at least in recent history, who has applied the term Natural Economics to the pursuit of an understanding of Economics.<\/p>\n
I did not \u201cinvent\u201d or \u201ccreate\u201d Natural Economics.\u00a0 If I had done so then it would not be Natural. It would be a human creation.\u00a0 I have simply chosen this particular combination of words to describe the principles that I think govern all economic activity.\u00a0 If I created anything it is an innovative way to approach an education about economics.<\/p>\n
Understanding the full impact of these ideas will give you a very powerful set of tools to use in all of your economic pursuits.<\/p>\n
Natural Economics is based upon two extremely important concepts or ideas.<\/p>\n
The first is that everything we can control and, in fact, the only thing we have control over is human behavior.\u00a0 We have no control over natural phenomena; we can only react to them.\u00a0 If we learn to \u201charness\u201d nature we can only accomplish this through human behavior.<\/p>\n
The second critical concept is realizing that every human action has an economic consequence.\u00a0 Yes, some people have more influence and can create larger impacts, but the principles that govern their behavior are the same as those that govern yours.<\/p>\n
These ideas lead to certain Laws of Natural Economics that are easy to understand and help us to make more effective decisions.<\/p>\n
Effective decisions can be \u201cgood\u201d or \u201cbad\u201d.\u00a0 That is a value judgment which is a different issue altogether.<\/p>\n
If you wish to read the Natural Laws of Economics, CLICK HERE.<\/a><\/p>\n If you wish to read about the values I believe in you can use the menu bar to navigate to the pages on the Natural Law and Natural Law Principles or CLICK HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NATURAL ECONOMICS DEFINED \u00a0\u00a0\u00a0 As far as I know, I am the only person, at least in recent history, who has applied the term Natural Economics to the pursuit of an understanding of Economics. I did not \u201cinvent\u201d or \u201ccreate\u201d … Continue reading