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Economic Natural Laws and Economics

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DOI: 10.4236/me.2015.61002    2,211 Downloads   2,529 Views   Citations
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ABSTRACT

Human activity causes extensive destruction to nature. However, nature is necessary to us; continuing to damage it regardless of consequence is unwise. Microeconomic and macroeconomic natural laws were introduced by [1], but the global economy is not operating in compliance with the microeconomic natural law. If ignorance of the importance and feasibility of the microeconomic natural law is the reason for the global economy to not adhere to it, then more explanations must be provided. The current mainstream school of economics has already resolved the threat of resource scarcity; therefore, reinforcing the shortage of this school is necessary to undertake the new mission of addressing the threat of environmental destruction.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

Yu, Y. (2015) Economic Natural Laws and Economics. Modern Economy, 6, 12-20. doi: 10.4236/me.2015.61002.

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