https://www.superphysics.org/social/economics/principles/part-3/chapter-06/section-01/ Recent content in Economic Balance on Superphysics Hugo en Fri, 21 Aug 2015 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-3/chapter-06/section-01/unit-01/ Fri, 21 Aug 2015 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-3/chapter-06/section-01/unit-01/ <p>The Natural Balance Model puts supply demand and trade into balance with one another.</p> <p>Economics only focuses on supply and trade, but ignores demand and balance.</p> <p>This is because Economics focuses on the self which is satisfied with the self getting a lot of supply through trade.</p> https://www.superphysics.org/social/economics/principles/part-3/chapter-06/section-01/unit-02/ Fri, 21 Aug 2015 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-3/chapter-06/section-01/unit-02/ <!-- We, like Adam Smith, classify --> <p>Supersociology classifies the mentality of societies as either savage, barbaric, or advanced.</p> <p>Likewise, Supereconomics classifies economic levels as either backward, stagnating, or advancing.</p> https://www.superphysics.org/social/economics/principles/part-3/chapter-06/section-01/unit-03/ Fri, 21 Aug 2015 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-3/chapter-06/section-01/unit-03/ <!-- <section class="message bg-gray-100 text-gray-800 border-gray-300 dark:bg-gray-800 dark:text-gray-100 dark:border-gray-700 rounded-lg shadow-lg border p-4 mt-6" data-sal="slide-right"> <div class="message-header mb-4 font-bold border-b border-gray-300 dark:border-gray-600 pb-2"> Update: April 2021 </div> <div class="message-body"> This post was made in 2015 because the model predicted a huge crisis starting in 2019 that could eventually collapse some societies. </div> </section> --> <!-- The main advantage of Supereconomics over Neoclassical Economics is that it is based on the dynamics of the human mind as explained by David Hume. This was later applied by Adam Smith into his *Theory of Moral Sentiments* and *The Wealth of Nations*. To David Hume and Eastern philosophy, the mind is a metaphysical thing, different from the physical brain. Metaphysical things are less bound by space and time compared to physical things, and so the mind's dynamics can remain the same throughout space and time. This means that a human mind living 2,000 years ago can have the same basic dynamics as a human mind living today, and the same with a human mind 2,000 years from now living in a spaceship in a different galaxy. It will still feel pleasure and pain, and use logic to drive its actions in order to avoid suffering. Thus, the same maxims given by Smith on economic development which he observed from the Roman times up to his time in 1776 will still apply to humans from 1777 onwards. ## Key Ideas That Are Missing Currently, the only maxim of Smith on development accepted by modern economists is comparative advantage. His other maxims (mostly in Book 3) have been conveniently disregarded because it goes against the commercial system. --> <p>The natural and sustainable progress of economies is:</p>