Something From Nothing: The Technicality

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About Something From Nothing: The Technicality

Never there was a time placing a greater consideration of economic interests than does our own. Never was the need for an economic foundation of financial affairs felt more keenly. And never was ability of men to use the achievements of economics so great as is today. When men, rely only on their personal experience and disregard economic science, it is not because of a lack of genuine interest on their part. Nor can their ignorance be the result of the arrogant denial of the profound insight authentic economic science would give in to a state of affairs and connections determining economic activity. Every new justified effort in this direction, even though modest, aims at improvement of the fundamentals of economics. Since in economics even a tiny mistake is not without merit I oblige not to neglect to give correct analysis of economic literature. I can not hold back from criticism, employing logic and independence of judgment to theories created by excellent minds and considered accomplishments in economics. Complex economic phenomena by its nature consist of components abiding exact principles. I am renouncing the idea of principal reform of the basics of economics so to avoid this I will make the theories laying in the heart of economics my own. The phrase “nothing comes from nothing” was first argued by the Greek philosopher Parmenides. Translation of the Latin phrase “ex nihilo nihil fit” literally means "out of nothing, nothing [be]comes". In the book, I will contest the centuries old wisdom that nothing comes from nothing since in economics a lot of something can derive from nothing. About the author:The pseudonym “Amschel” is used to hide identity of the author and to offer a clear-cut separation between his private and professional life.