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The fact that the present work is full of scientific theories, many of which I believe are new, does not imply that it is beyond the reach of people involved in the economy, as we all are in every instant of our existence. But it is especially within the reach of those whose work is related to economic activity.
A case I especially wish to make is that the theories presented here conclude that the economy runs on accounting and financial tracks more than it does on those presented traditionally in economic models. This derives in a reformulation of econometrics and all the statistical studies used at the present time that do not consider accounting the essence of their investigations.
The language used in the text is simple enough so that the essential points of the theory can be understood by anyone interested in grasping the basic postulates, both the hypothesis and their corroborations, along with the immediate applications in different fields. To those not specialized in economics, and who wish to understand the basic postulates in simple form, I suggest that when coming to complicated technical sections, they should continue reading. In the end they will find it possible to grasp the essentials of the theories presented here.
It will evidently be very useful for those in fields related to economic science, be they scientists, experts, specialists, advisors or teachers, to understand the whole scientific process included in a theory with greater precision, beginning with the hypotheses, their corroboration, and comparison with other existing theories, to see if it includes or surpasses them, and ending with the phase of applying science to the laboratory of life, seeking solutions for concrete problems.
It should be no surprise that a scientific theory can be directed both to scientists and non scientific readers. This is due to the faster forms of knowledge transmission that we have grown used to, thanks to the information revolution. Estimates say that today the amount of knowledge at our disposal doubles every five years, while up to a few decades ago it took humanity a century to do the same. We must also consider that in one way or another all human beings are “experts” in economics, since it is the central problem for most people, in the same sense that every fan is a great coach of his or her favorite sport.
I can conclude this point by saying that this book is directed to scientists, accountants, experts, advisors, investors, teachers, students, businessmen and women, statisticians and all those interested in the fate of one or more economic agents. I specifically wish to reach those in important posts in politics and the judiciary, whose actions directly affect the lives of human beings, and who wish to acquire the basic economic knowledge necessary for the fulfillment of their tasks.
Finally, I wish to say to my accountant colleagues that in the sections of this book where I corroborate my theories, particularly where I specify my theory of the total or complete wealth equation, not only will they find reasons for a new interest in accounting, but they will also discover that they know more about economics than they thought, thanks to the ideas already present in Luca Pacioli (500 years ago) and the double-entry system. |
