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Wealthology - Study of nature, composition, properties, laws and
classific
Gopinath Rao
Author:Gopinath Rao
Banker
Nature, properties, laws, composition , and classification of wealth
The science that deals with nature, properties, composition, laws and classification of wealth has no name as on date. No one in past studied wealth the way chemist studied matter. The general laws of wealth: the Law of Conservation, Law of Equilibrium and Law of Mass Action (of chemical reactions but this applies to all reactions of wealth) are totally untold. General properties of wealth like movement of wealth from higher concentration to lower concentration are untold. There are many questions to be asked. Is loss a form of wealth? Why is it measured in units of wealth? Is time a form of wealth? How can one classify wealth? I have termed reactions involving change of wealth from one form to another as economic reactions.

This science is a new one and it should be included in the curriculum of studies.

 
Comments
Comment 1: By Romila Shah on 10th Jun 2008
It should be added to the curriculum of students so that a new branch for study develops,which could reduce the burden on existing branches of education.

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