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A treatise on modern day economics. Some interesting material here. The author thinks outside the box (always an encouraging sign).

I like his assertion - that it is technology that determines what an economic resource is. This needs stating and he emphasises the point by making it a Law in its own right.

His comments on the importance of rapidly processing new information is thought provoking. Food for thought indeed.

I think the author might be slightly overoptimistic with some of his conclusions but that's no harm for any practitioners of the "dismal science". But overall an interesting take on economic matters.
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on 5 December 1998
An excellent work changing the way the world will look at resources - they are unlimited, due to the fact that as soon as something starts to become scarce, technology will create it's replacement - it's abundant replacement.
In a time, where we were once worried about oil reserves, hydrogen fuel cells have bust onto the scene and are just another indication of how right Mr. Pilzer's theories have shown themselves to be.
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on 15 October 2010
A really expert overview of inspirational economics instead of non-accomadating approach. I think it should really be read by more people who have such a defeatist attitude towards life and success in general.
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on 11 October 1997
Pilzer's basic economic thesis is that the value of any resource in the world is determined by its productive usefulness but that its productive usefulness is much more strongly influenced by ever advancing technology, than by the known absolute supply of that resource...and since man's capacity for technological innovation appears to be unlimited, so too is the world's aggregate wealth. Thus Pilzer attempts to shatter the "allocation/distribution of scarce resources" theories of economics through rational analysis of historical evidence and reason. However Pilzer makes no attempt to apply the same rational analysis and reason to proving his theory that a entity he calls God exists and influences economics and business by ensuring that certain moral standards prevail. Pilzer states that his theory of economics and business is "consonant with a just and true God which would allow everyone, not just a select few, to share in a better and better world". This emphatically-asserted aspect of Pilzer's economic theory appears to be based on uncritical faith-thought alone. Such a convenient reliance on personal arbitrary belief unfortunately undermines the balance of this interesting work, which rests on analysis and reason. After all, a theory that is based on arbitrary unproven (faith-derived) assertions can be arbitrarily expanded to any level of detail to "explain" the world's underlying mechanisms, without needing to be justified, and without being amenable to critical review.
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