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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.



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2.1.1. Need.

D.1. Need:  A state of disturbance - A state of departure from order. Axiomatic Derivation: 1. All organisms are systems. 2. Each system is an orderly state.  3. Each orderly state remains in an orderly state so long as it receives supply of some certain quantities, and qualities from the external environment. 4. A short supply of these quantities, or qualities yields a disturbance - a departure from that orderly existence.  5. These supplies aforementioned - 3 and 4 - are Needs of that system. 6. Disturbances are debilitating for any system, or organism. 7. Humans being organisms are systems. 8. Humans being systems have Needs.  9. Human beings having Needs rely on external supply of quantities, and qualities which secure their existence.  10. Observation: It is important to note, for generality, that existence does not imply subsistence only but more broadly all that matters including our goals. For a detailed exposition of the concept of Need kindly proceed f...