“As It Comes; As It Goes” Economics of the 21st Century; the End of the Budgetary Economics


“As It Comes; As It Goes” Economics of the 21st Century; the End of the Budgetary Economics

Joshua Ioji Konov, 2013

INTRODUCTION

The Globalization, the rising Productivity, the Internet and the Chinese Industrialization have established some very new conditions to a global marketplace of vest industrial capacity mobile and highly effective that changed Economics forever from a pre-supply Libertarian and Keynesian budgetary approaches into the unorthodox innovative Market related pro-equilibrium approach. The Quantitative Easing, the Abenomics, the Chinese targeting certain areas for economic empowerment, the Federal mortgage security targeting lower lending rates in the US, etc are the first steps to an Economics of “as it comes; as it goes approach” which does not count just on a market liberalization through deregulation, low business taxation, and rising productivity to prompt Economic growth, thus the “invisible hand” has become more active. However, the economists and the Economics still retain their highly ideological stand up by either not evaluating these new developments or coming back to the status quo by just ignoring these developments as never happened.

CHANGE (Market I.E Economic, Economy)

As the Physics has changed from its orthodox ‘assertive’ knowledge into the uncertainty of Quantum, whereas probability theory so the Economics should change its ‘assertive’ ideologically motivated approaches of trickle-down into a ‘as it comes; as it goes’ Market Economics, whereas market agents and tools are used adequately to maintain market equilibrium and market development.

In real Marketplace such approach means by using Monetary, Fiscal, and others the Central Banks and Governments to target particular market sectors and areas to boost their development, sectors such as Alternative Energies, Tourism, Farming, etc should be prioritized. The ‘invisible hand’ that boosts certain market activities could be only implemented if markets transmissionability is appropriate to absorb and transform the liquidity into market equity e.g. to establish market equilibrium by maintaining low inflation or deflation. High market transmissionability could be achieved by enhancing the ‘rule of law in business’ through changing the limited liability corporate laws into unlimited such, by enhancing business insurance and bonding, by enhancing contracting laws, by enhancing environmental and consumer protection laws, etc then the ‘invisible hand’ of targeted liquidity and fiscal stimulus would work its best through the marketplace to buildup market development.

Currently used by the Central Banks monetary policies through lowering or raising Primary Rates a general market equilibrium approach should change into using lending rates, fiscal policies and targeted investment parts market equilibriums approach e.g. is the China’s handling their Real Estate bubble.

The Uncertainty Principle applies to Economics whereas the Probability Theory shows the ways market agents and tools are used as parameters to adjust market fluctuations; however, in comparison to the Quantum Mechanics the Market Economics i.e. Quantum Economics’ equations, oscillators, theorems, and etc differ in principles and values.

GUIDING LINES

Market Economics does not put all markets i.e. economies under the same constant, whereas different markets posses specifics that should be taken in considerations in applying the best for these markets oscillators. Even when the free market entrepreneurship of the Small and Medium Enterprises is considered the best and most productive approach toward market development the ways some countries have their Markets/Economies entailed to specific social, medical and educational policies by more aggressive governmental involvement should be taken in considerations when simulations are put together.

MARKET COMPETITION   

However, for best performance, the principles of an open market competition whereas Small and Medium Enterprises and Investors are set on equal opportunity competition are paramount for a long term success. The marginalization of advantages Large Transnational Corporations & Investors is one of the principles for Markets to function properly, so to speak market transmissionability and overall market development could not be achieved if the market competition does not reach relative fairness.

GLOBALIZATION

THE Globalization of the Marketplace should be used to prompt business activities, build equity, and maintain market development, but for such to be fluent the principles of Market Economics must be implemented globally, which is highly achievable in the present day open politically and entailed economically world.

Joshua Ioji Konov, 2013

SEE Market Economy under Rapid Globalization and Rising Productivity http://ideas.repec.org/p/pra/mprapa/48750.html

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