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THE CONSERVATION OF EXTENCIA: A NEW LAW OF CONSERVATION
- Article from:
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Journal of Economics and Economic Education Research
- Article date:
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September 1, 2007
- Author:
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Copyright informationCopyright The DreamCatchers Group, LLC 2007. Provided by ProQuest LLC. (Hide copyright information)
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ABSTRACT
Managing global economic developments with massive deployment of people and material resources requires not only a special kind of thinking (global vision, big picture), but also precise formulas for logistics and, therefore, a solid scientific foundation. To meet these global level calculation needs, Oscar Morgenstern over 50 years ago tried to create a theory of organization (Morgenstern, 1951), while Pobisk Kuznetsov, following the works of La Roche, offered a new branch of economy - physical economy (Kuznetsov, 1980). To help political and economic leaders in managing human and material resources, physical economy has already introduced two new laws of conservation with the ...
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