Nature, Properties and Laws of Wealth
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A01=B. V. Gopinath
Author_B. V. Gopinath
Category=KCA
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Product details
- ISBN 9780761843634
- Weight: 141g
- Dimensions: 154 x 232mm
- Publication Date: 20 Dec 2008
- Publisher: University Press of America
- Publication City/Country: US
- Product Form: Paperback
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Nature, Properties and Laws of Wealth is a maiden attempt to study wealth the same way a chemist studies matter. The book discusses in detail the general laws of wealth: the Law of Conservation, the Law of Equilibrium and the Law of Mass Action. The general property that wealth moves from higher concentration to lower concentration is explained with many real-world examples. Like matter and energy, wealth can neither be created nor be destroyed but can be changed from one form to another. Reactions involving this change in wealth are termed "economic reactions." All economic reactions are reversible in nature, which is why there ought to be a credit of equal amount for every debit. By adopting the methods of chemists to speed up chemical reactions, one can speed up economic reactions.
Sri B.V. Gopinath received his M.S. in Agriculture with specialization in Soil Science. He worked as an instructor of Soil Science in the Department of Chemistry and Soils at the College of Agriculture, Dharwad from 1977 to 1980. He joined Syndicate Bank as the Rural Development Officer in 1980. He pursued his studies and became Certified Associate of the Indian Institute of Bankers. Though he is a banker by profession with 28 years experience, his true love is teaching. This is his second book; his first book is titled Economic Reactions (2003, Vadiraj Rao Publications, Gulbarga).
