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Research into What Makes a Good Economy

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Vox

posted on Sep, 14 2005 @ 12:46 PM
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Hey,

I'm doing some research for a project i'm working on as to what is important in making a good economy,

assuming every resource is limitless, what would need to be implemented to prevent the economy from over-inflating or crashing?

thanks,

Vox




posted on Sep, 14 2005 @ 12:54 PM
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Stop technological growth. It's that simple. For every boom you can trace the root of that boom to a scientific breakthrough that is disruptive in nature(eg It changes the rules by it's very existance, look at Computers, the internet, internal combusion, electricity etc.)

When it becomes Mainstream caution is thrown to the wind in the rush towards commercializing it. As we all know only a few companies ever succeed and grow, most of the DotCom's were either bought up and pushed out of the market. It goes in 4 phases.

1. Discover

2. Develop

3. Exploit

4. Consolidate

And once the Consolidation phase is complete it's back to square one with another technology. Of course this Creative Distruction paradigm is rather new. Newer then economic bubbles and crashes but those historic events were caused by the fear/greed ratio, when that ratio gets out of wack a correct will have to be made in the future. The more out of wack it gets the more severe the correction will be. This rule is true for both Bubbles and Bust's.

Right now we are in a Stagnant economy awaiting the maturing of the next big thing. What that thing is noone will know until after the fact. I suspect it's gonna have something to do with nanotechnology.


Vox

posted on Sep, 18 2005 @ 09:37 AM
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awesome, that helps quite a bit

thanks



 
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