The Ontology of Economics: A Normative Approach to the Economizing problem and its Epistemological Dissection

 

Abstract

In this normative paper, it was looked at the Economizing problem, also known to be the standard academic definition of Economics, i.e. satisfy unlimited human needs under the constraint of the limited resources. The definition was formulated from the following definition: “Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses” (Robbins, 1932). The closest solution Economics provided came from Adam Smith when he added the Capital as a 3^rd mean of production after thousands of years of only considering land & labor as the only means of production (Smith, 1776).

Key Words: Economizing problem, satisfy, needs, constraint, resources, behavior, ends, scarce, means, uses, solution, mean of production, land, labor.

First African Tesla Factory and SpaceX Assembly Line in Morocco

P.S : THIS IS AN ARTICLE I WROTE BACK IN 2019 & HOPED IT COULD BE ACCEPTED INTO PUBLUCATION IN A SCIENTIFIC JOURNAL OR INTO A NEWSPAPER. BOTH DIDN'T HAPPEN, SO I PUBLISHED IT HERE IN MY BLOG, DELETED IT, PUBLISHED IT AGAIN, DELETED IT AGAIN (LOL), AND NOW I'M PUBLISHUNG IT AGAIN HAHA.

I HOPE YOU'LL LIKE IT; FEEDBACK ME ABOUT IT.

Introduction

The American companies “Tesla, Inc.”[1](known as Tesla) and “Space Exploration Technologies Corp.”[2] (known as SpaceX) are presently leading a worldwide radical change on both automotive, and space industry, which will contribute to progress on how humans do Economics, via expanding it beyond planet Earth; which would mean that being an early contributor –as a juxtaposition of early adopter- to the change these two companies are leading has a significant economical and political incentive. In that regard, it is suggested that the North African country Morocco may be an optimal contributor to the change these companies push for in the MENA region.