FROM “PRE-ECONOMICS” TO THE DEVELOPED INFORMATIONAL ECONOMY – A SCIENTIFIC REVIEW

During the 5000 years of economic evolution (considering the oldest textbooks available today) that produced an organic evolution and economic entanglement, but which led in our days at a turning point for the global economy. Why choose to present the economic spark from the beginning of the first recorded writings? Because we deal with the big picture – a framework that represents “life” and the economy that isn’t loaded with the evolution of ethics, moral and informational, the initial picture shows the purity of the early civilization, naked by the actual’ modernist add-ons. This research paper is an overview of the main ideas that molded the actual economic life by creating a bridge between the “pre-economy” period when trade was based on thievery or unvalued exchange till the development of today’s economic science, that has as defining point Adam Smith and his view on economic development through the its power engine – self interest and the human being.human development, business cycle, utility, enlightenment, consumption, self-interest

GDP vs. GNH. A NEW PARADIGM

Human being should be seen as the most important asset of economic life, and its well-being should be considered as an important indicator in having a realistic account regarding the level of prosperity and evolution of a nation. Although the concept of GNH (Gross National Happiness) has been introduced by economists like Richard Layard, and we have the example of Kingdom of Buthan where happiness is the only measurement means for quantifying the well-being of the population, governments and even economy tend to completely ignore such a parameter. We are more involved in an increasing consumeristic society, in wars, fighting for supremacy, gaining more territories, producing and spreading disease and medicines and we are less and less preoccupied by the inner being, by the human beings around us, by our fellow creatures. This paper is an attempt to prove that GNH (Gross National Happiness) should be the means of measuring the prosperity of a nation, and replace at least partially GDP (Gross Domestic Product)