Capital - The Benefactor Of Humankind.

Why would you ignore an opportunity to both earn an income and to serve others? If - as a result of capital, a new method of production or a new product or some other improvement occurs such that the initiator of that production or product or improvement generates wealth and serves others - that is to say, if you can also be such a benefactor by using capital then why would you not? Even if you do not, others will in a free market economy!

In other words the appearance of profit and the appearance of something that is of service to the needs and wants of humankind attracts others to enter into this arena of profit and service. Consequently the profit margin approaches zero and profit then has to make its appearance in another place where a new method of production or a new product or some other improvement occurs such that the initiator of production or of a product or of an improvement generates wealth and serves others.

This is how capital serves as a benefactor to humankind in a free market economy (the divine economy).

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Selfishness/Self-Interest Is Meaningless Without Understanding Subjectiveness.

Some "modern professional economists" "deny the importance of choice, action, subjective judgments, etc. in making predictions or interpretations of economic events." They are likely to use the term 'self-interest' not 'selfishness.' Consequently 'self-interest' is a term used with only a surface-level recognition of what it truly represents, and so it is that there are plenty of references to 'self-interest' in the economic literature. When the term is used by subjectivists it is correct. When it is used by empiricists it is a half-truth upon which fallacies are built.

In other words, is it possible to build anything worthwhile on a flawed foundation?

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All Value Is Subjective !!!

For a moment imagine the world without any human beings. Not intending to offend any animal lovers or lovers of nature, the idea of value would not exist without the existence of human beings! Sure, things would be needed and used but without a conceptualization of value.

Value exists because humans exist.

Humans do not exist as a social blob but rather as individuals who exercise social cooperation. Within the context of social cooperation there are ways for each unique human being to identify what is valuable within the context of that individual's life. In other words, humans value things subjectively.

Now we have arrived at the simple but monumental point: all value is subjective!

Value only exists because humans exist and all humans value things (material and ideal) subjectively. This is of very great significance when considering the proper scientific method for the study of human sciences. Subjectivism is the true scientific method for the study of human action.

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Microeconomics Magnifies Human Qualities.

The transformation that is part of the divine economy and which is shown graphically in the divine economy model manifests itself both outwardly and inwardly. This is true at the macro level too, but it is perhaps most evident for each of us to see at the micro level. In a society where the corruption caused by intervention is not present - in an unhampered market economy - the qualities that lead to successful commerce are also very actively sought after as the features of the right way of living, and vice versa. In other words, both the inner life and the external conditions are prone towards the ethical standards set forth for that epoch.

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