1.4.2. The Nature of Laws of Economics.

D.1. The Nature of Laws of Economics: Economic Laws are the definite logical deductions derived from the definition of economics, and added assumptions about tastes, norms, techniques, institutions etc.

E.1. The laws in economics, like the pure mechanics, are the logical deductions based on the very definition of economics – the conflict between partially permissive means which are also substitutable and fully immutable ends which are multiple. This primary setup is then appended with additional assumptions regarding tastes, techniques, endowments, institutions, etc etc. The repetitive process of variations of these Given Data results in the discovery of some implications which are universal. These are the laws of economics.

Brainstorming: What is Importance of Attention Direction?

Brainstorming: What is Importance of Attention Direction? Notes: It is useful for every apprentice to brainstorm and organize their ideas on important topics. This helps recall, and also discover logical gaps, or other weaknesses. I have attempted to do the same here. You may use it to develop your own diagram to organize and refine your own thoughts around the question in the title. See Project Concept Maps (Slide on Concept Maps) for understanding how these diagrams were made. You may download the picture to see it full size (Left Click on the picture, and select Save As.)

2.1.0. Primacy of the Need Satiation.

D.1. Primacy of the Need Satiation: All humans strive for satiation of their Needs, and this forms the primary cause of all the variations in an Economy. Axiomatic Derivation: 1. All Humans have Needs (See Need for concept details). 2. All self aware organisms are aware of their Needs, and consequences of thwarting these Needs. 3. All self aware organisms are also organisms who wish to secure their existence . 4. All self aware organisms, following 2 and 3, strive for satiation of their Needs. 5. Humans are self aware organisms. 6. Humans being self aware strive for satiation of their Needs. 7. The sum of all such strives by various individuals form an Economy, or Market. 8. Alternatively, strive for satiation of the human needs forms the principle cause of all the variations in an Economy. 9. NOTE: For an elaboration of this, an explanation below shall be appended soon.

Brainstorming: What is Economics?

Brainstorming: What is Economics? Notes: It is useful for every apprentice to brainstorm and organize their ideas on important topics. This helps recall, and also discover logical gaps, or other weaknesses. I have attempted to do the same here. You may use it to develop your own diagram to organize and refine your own thoughts around the question in the title. See Project Concept Maps (Slide on Concept Maps) for understanding how these diagrams were made. You may download the picture to see it full size (Left Click on the picture, and select Save As.)

Log Schemata

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