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.
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.