Basic fact of economics

Every human being is subject to the rhythm of nature: he has to sleep, drink and eat repetitively. In the human existence lies an attachment, a compulsive bondage (existential dependence) to the goods. To explain this bondage is not a matter of economics, but of theology or philosophy. – For economics it follows from this that – again and again new goods must be provided and – these in the social economy – must be exchanged by the money as mediator (medium of exchange). – Negatively formulated: a paradise on earth, in which all goods are available to the people without labor effort, is not to be expected in view of the facts. Finally, it is not at all clear why the abolition of money, of all things, should bring us a big step closer to the conditions envisioned by the early socialist writers (Karl Marx called them “utopian socialists”). – See Actus Purus Principle, Doctrine of Omnipotence, Principle of Equivalence, Money Functions, Philosophy of Money.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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