The eras of single nations operating independently and free of the scrutiny of the world population is long past. The period of gobbling economic entities has long been operational.
Your economy is international and world wide.
People are always participants in the world economy whether they realise it or not.
Your economy should be Effective because effective disposable incomes rise for the majority. Effective distribution of incomes to give greater life long control over sharing in the economy to the majority of stakeholders.
Your economy should be Sustainable because the direction of development encourages sustainability and responsible open management. Sustainable responsible management!
Your economy should be Positive because there are incentives to innovate and participate for the majority. Inclusive participation!
In our world of the new millennium, it is desirable to create an more effective income world economy in which the stakeholders, the world wide majority of participants effective incomes rise naturally in relative terms.
ESP is about vision and changing the structures of present day economies for the benefit of the majority of people. It's design is your design and you help to build a just world economy in which you are happy and prosperous!
w wages
L Labour
i interest
M Money deposits
r rent
v valuation
a appreciation
A Assets
h horticulture
D Demesne Land
p profit
B Business
y yield
C Credit
t turn
S Speculation
e exploitation
R Resources
f freedom
W natural wealth
b boon
T Technology
p prices
O Output
The accounting equation of the ESP economy:
QM = pO = bT + eR +tS +yC +pB +fW +hD +(r+v+a)A +iM +wL
Analyse each element to understand how they may fit into the biggest world view. They are just accounting entities, boxes to be broken up and understood in the dynamics of the world economy.
Want to take your understanding of economic issues to be more effective financially in your life, then find more economic sketches from recessionary scratches: http://Woohs.blogspot.com
If you wish to read material that will increase your world perspective and challenge you to self educate for a more political, economic and robust life, send an email to wuhlax@outlook.com to receive a book voucher for a free copy of the first in the series of my Wuh Lax books or buy my book "Wuh Lax and the Cosmic Lantern" on line from Amazon UK: