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Ch.8F Economics the Virtue of Righteousness (Pages 753-761)


Page 755

Economics Definition

Economics is the social science

That studies the production,

Distribution & Consumption

Of Goods & Services

A definition that captures much of Modern Economics

Is that of Lionel Robbins Essay (1932)

The science which studies Human Behavior

As a relationship between ends and scarce means

*Scarcity means that available resources are insufficient to satisfy needs and wants.

*Absent scarcity is time when there are no economic problems.

Economics uses consumption of wealth,

And with the various related problems

Of labor, finance, taxation

in a political economy

The economic system of a country

Thrives on the economy

That is thrifty & judicious

In its usage of money or goods


Author’s Comments

Economy purpose is a measuring tool that reflects the management of the income and expenditures that has alternative uses scarcity means and absent scarcity. Economic systems are the structure of economic life in a country, area or period that is stimulated by the quality of people, household spending and government control. ~Economic Life Psalm


It’s not what happens to you that determines how far you will go in life; it is how you handle what happens to you.” Two men look out the same prison bars; one sees mud and the other stars.”

~ Frederick Langbridge & Zig Ziglar 321


We are all on the quest for understanding — understanding others, understanding our purpose, understanding our world and maybe even trying to figure out life itself. We can take pleasure in the understanding we have gained over the years. We can be energized by knowing that there is always more to learn and understand, regardless of our age or circumstances. ~ Understanding Positive Progress Quote


“Dress for success. Image is very important. People judge you by the way you look on the outside.”

~ 452 Brian Tracy #...?



Huh Tactful Humor What does this Mean: Democracy is the worst form of government except for all those others that have been tried. -- Winston Churchill #30 Pg. 1484


Water Kindness Creates Impetus Stimulus Poem Inside a Poem: Kindness in words creates confidence. Kindness in thinking creates profoundness. Kindness in giving creates love. - Mao Zedong Fare thee well, dame, whate’er becomes of me sighing every minute and groaning every hour would detect the lazy foot of Time as well as a Clock.


Civilization is Civilization Humor is Virtue & God's #1 Law is Love: American people have the ability to laugh at themselves. It is one of the things that makes this country the great country that it is. ~ Desi Arnaz Comedian who has performed one of the funniest shows of all Comedians to ever live from the 1990's....



A twinkle in my eye, A Angel from the sky, smile at me if you like me… ~ Nursery Rhyme Angel Line


you remind me of Better Days, Buttercup; a Paul Revere ideal girlfriend riding on a Wave of discovery and exploring more than history… a Lewis and Clark Marriage Beginning and Endin, a Butter Cupping State of Mind, a Missouri Show Boat State and Motto to a or the Gateway to the Mid-West like Humor and Friendship, a different River Saying and or Sayings for ever port and on goes the way and now goes the way to get the Gold like a 49er...our love Runs deep like Chevy....

~ Senator Dianna Feinstein Exceeding Excellence 625# When Supply Meets Demand...?


Listen to music Instrumental “Mind Eye” by Nightmares on Wax



Page 756

School of Thoughts Economics... Economics Classified Two Ways

Microeconomics examine the economic behavior of agents

(including business and house and households)

and their interactions through individual markets,

given scarcity and government regulation.

Within micro-economics, general equilibrium theory

aggregate across all markets,

including their movements and interactions

toward equilibrium.

Recent developments to microeconomics

include behavior

economics and experimental



also examines how these behaviors affect the supply and demand

for goods and services, which determines, prices and how prices, in turn,

determines the supply and demand of goods and services on a small scale.


Examines an economy as a whole “Top Down” with a view toward

Explaining the levels and interactions of broad aggregates such as national

income & output, employment and inflation and sub-aggregates like total consumption

and investment spending and their components, and fiscal policy.

Macroeconomics is a branch of economics

That deals with the performance, structure, and behavior,

Of the economy

As a whole.


Study and seek to understand the determinants of aggregate trends in the economy

With particular focus on national income, unemployment, inflation, investment,

And international trade on a large scale.


Author’s Comments

The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.

Ben Bernanke – Problems – Economy – Finance(Born: December 13, 1953)


“Choice determines direction…Decision determines destiny….” – Doug Firebaugh


“Desire is the starting point of all achievement, not a hope, not a wish, but a keen pulsating desire which transcends everything.”– Napoleon Hill #35 Pgs. 1485



Witticism Tactful Humor: Denial ain't just a river in Egypt. -- Mark Twain #25 Pg.1484


The Economy of Love Pays off in Dividends : “LOVE is the greatest refreshment... in L I F E" -- Pablo Picasso


Money Epigram and Reflection Thoughts: People are reluctant to pay with confidence and love; they prefer to pay with money and goods. Hermann Hesse Reflections...Put not your trust in money, but put your money in trust. - Oliver Wendell Holmes... A bank is a place that will lend you money if you can prove you don't need it. - Bob Hope quoted in Alan Harrington, Life in the Crystal Palace: 'The Tyranny of Forms'... The size of sums of money appears to vary in a remarkable way according as they are being paid in or paid out. Julian Huxley Essays of Biologist... Money is a horrid thing to follow, but a charming thing to meet. - Henry James



Champagne wishes & Caviare dreams believe it or not fly away on angels wings in each others arms and deep pockets.

~ Robin Leach Master Line Rich and Famous Research Televised Television Host #...?


you are my ideal of beauty and my need of quality and want and value... Surround yourself with people who make you hungry for life, touch your heart, and nourish your soul.

~ School of Quality Positive Love Thoughts Line


Listen to music selection by The Michael Gungor Band…”Ancient Skies” Christian Pop



Page 757

Economic Concept: Supply & Demand

Supply is the relationship

between the quantity of Goods or Service

that a producer or supplier is willing to bring into the market

for the purpose of sale and the price of the Good or service.

The law of supply states

That price and quantity

Supplied are directly


In other words,

The higher the price of a product,

The more of it the producers

Will create.

Demand is the relationship

Between the quantity of a product

That a consumer or buyer would be willing

To buy and the price of the product.

Demand is often represented

As a table or a graph relating price

And quantity demanded.

The law of demand

states that,

In general price and quantity demand

Are inversely related.

In other words,

The higher the price of a product,

The less of it

Consumers will buy.


Author’s Comments

The laws of supply and demand are crucial to explaining the market economy in that it explains the mechanisms by which prices and levels of productions are set.


When you carry out acts of kindness you get a wonderful feeling inside. It is as though something inside your body responds and says, yes, this is how I ought to feel.- Rabbi Harold Kushner


Dream Big with Determination and Dedication. The world is all yours.” --Kavitha Murugesh


You invariably attract into your life the people, situations, and circumstances that are in harmony with your dominate thoughts…you are a living magnet of choice and decision…

~ Dominate thoughts Choice Decision Proverb



See this Depends of the Question Witticism Tactful Humor: If love is the answer, could you rephrase the question? --Lily Tomlin


Affirmation Self Esteem Quality Declaration: Excellence is the gradual result of always striving to do better or a pre-season life long habit from youth with little rest for then Quantum Physics mind and body habits only improve with age kind of like being in outer space with no gravity when you push something it only gets better or faster with quality invested impetus applied time…. ” Love is a gift, not an obligation, follow your heart and always trust the person you love. —Pat Riley C Bio 1021#


Epigram Cake Tactful Humor Impetus Bible of Bliss a Country Wit Creative Positive Proverb Water Psalm: Impetus Unique is a creative difference of or for quality needs in a diversified society or economy, a common sense foundation of positive human sexual reality daily value positive enlightenment improvement. Love is something eternal…The aspect may change, but not the essence. The best proof of love is trust. Whoso loves, believes the impossible.



I got a Nod and a wink that says yes if you say yes. ~ Got the Supply if you Demand it Line


Love is an irressible desire to be irresistibly desired. Happiness makes up in height and Depth for what it lacks in length...A beautiful life does not just happen; it is built daily by prayer, humility, sacrifice and love. ~ Robert Frost Line as if thy or a Duty Tolled in the Night Blessed is the season, which engages the whole world in a conspiracy of love.


Listen to music instrumental “Canon in D” by Christopher Peacock



Page 758

History of Economics

Although discussions about production and distribution

Have a long history economics in its modern

Sense is conventionally dated from the publication

Of Adam Smith’s “The Wealth of Nations” in 1776.

In this work Smith defines the subject in practical forms.

Political economy, considered as a branch of the science of a statesman or legislator,

Proposes two distinct objects; first supply plentiful revenue or products for the people

More properly, enable them to provide such revenue sufficient for the public services

In proposes to enrich both the people and the sovereign.

Smith referred to the subject as political ‘economy,’

But that term was gradually replaced

In general usage by ‘economics’ after 1870.

Author’s Comments

Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.

-- Ben Bernanke – Change – Economy – Entrepreneurs – Technology ( Born: December 13, 1953)


Because these law enforcement investigations are underway, specific details remain confidential. It has not yet been determined in any particular case whether or not securities laws were broken…

~ 74 Chairman Security & Exchange Commission Christopher Cox


To respond is positive, to react is negative. I believe life is to be lived, not worked, enjoyed, not agonized, loved, not hated.” “Live with passion.”

321 Zig Ziglar…Leland Bartlett…121 Anthony Robbins


“Even if you can’t see it now, Trust the Path that you are on, it contains everything you’ve asked for in order for you to learn the lessons you came to this Earth School to learn.” – Mastin Kipp Do all the good you can, to all the people you can, in all the ways you can, as long as you can.


Love is a friendship set to music. ~ Joseph Campbell



Creative Love Poem Inside of a Poem Recipe #2: Love is always CREATIVE. Fear is always destructive. (Steve Chandler)Thinking will not overcome fear but Good or Great and or Better than Good action will.


Romantic Comedy Quality Improvement Checkpoint Element #9: Nothing interferes with my concentration. You could put an orgy in my office and I wouldn't look up. Well, maybe once. - Isaac Asimov The roots of all goodness lie in the soil of appreciation for goodness.


Holy Wed Lock Shakespeare Holy Matrimony Shakespearean Pure Love Romantic Marriage of Inspiration Motivation Quality Encouragement Positive Virtue Enlightenment Psalm Ingredient #17: When we are apart, I look forward and anticipate our moment of unity in psalm or song in Mid-Night Worshiping of sizzling marriage mating feelings of movement that moves motion passion taste or touch "Truth" pass sight & sound "Slumber"...Good Action Over Fear Elements...



Strawberry, Peaches, Grapes, Oranges and Plums what do they got in common with you…Action is a great restorer and builder of confidence. Inaction is not only the result, but the cause, of fear. Perhaps the action you take will be successful; perhaps different action or adjustments will have to follow. But any action is better than no action at all.

~ Sweetness Fruitful Curiosity Open-Up Question Line Christian Sports Science will Never Lead you Wrong


I'd give everything to be your anything...if you anything is everything…Bond and Free Love has earth to which it sings and or I just, I’d give everything to your anything or Just I’d give everything to be your anything…thoughts as pairs of dauntless Wings…

~ Strike a Match on all Wasted Time Line Lucy Pinder a 653 Courtly C Disney Bio#653


Listen to music selection by Booth Brothers “Welcome to the Family”… Southern Gospel Enlighten



Page 759

Supply Side Economics

In Time Square The Marriot Marquis

Rises up thirty stories High many feet

Before the hotel lobby sigh

Lofty guests in Manhattan with many features apply

Hotel under design what a feat

Guess don’t have to step on the homeless back street

While waiting to register at less Embrace Premise that might require Why me…?

Education has its benefits…Supply & Demand fits

Demand your education…Life can be a Vacation

Sky Full of Angels Supply Side Economics Driving Force of Change Why me Opportunity…? Why me...?

The key is to exalt in the falls of your life; Embrace them! For they offer us the milieu to transform, giving us the springboard to rise above the turmoil, disappointment and suffering, transcending to the place where understanding, growth, enlightenment and yes, complete healing occur.

Author’s Comments

LIFO reserve

The difference between FIFO inventory and LIFO inventory. The figure

indicates how much a company’s taxable income has been reduced by

using the LIFO accounting method rather than the FIFO account method.

As prices for goods and materials rise, the LIFO reserve will also



Bad company ruins good morals leave it up to the ones with great morals and principles to handle them…

~ Choice of Company Aphorism


Mutual fund: An open-ended fund operated by an investment company which raises money from shareholders and invests in a group of assets, in accordance with a stated set of objectives. Mutual funds raise money by selling shares of the fund to the public, much like any other type of company can sell stock in itself to the public. Mutual funds then take the money they receive from the sale of their shares (along with any money made from previous investments) and use it to purchase various investment vehicles, such as stocks, bonds and money market instruments. In return for the money they give to the fund when purchasing shares, shareholders receive an equity position in the fund and, in effect, in each of its underlying securities. For most mutual funds, shareholders are free to sell their shares at any time, although the price of a share in a mutual fund will fluctuate daily, depending upon the performance of the securities held by the fund. Benefits of mutual funds include offer choice, liquidity, and convenience, but charge fees and often require a minimum investment. A closed-end fund is often incorrectly referred to as a mutual fund, but is actually an investment trust. There are many types of mutual funds, including aggressive growth fund, asset allocation fund, balanced fund, blend fund, bond fund, capital appreciation fund, clone fund, closed fund, crossover fund, equity fund, fund of funds, global fund, growth fund, growth and income fund, hedge fund, income fund, index fund, international fund, money market fund, municipal bond fund, prime rate fund, regional fund, sector fund, specialty fund, stock fund, and tax-free bond fund.



Tactful Humor Inspirational Funny Element Ingredient Witticism Quote: The difference between perseverance and obstinacy is that one often comes from a strong will, and the other from a strong won't. --Henry Ward Beecher


Chanel Fashion is Style Creativity Leads the Economy Love Quality Point: For me, Chanel is like music. There are certain notes and you have to make another tune with them. ~Karl Lagerfeld 866 Fashion Icon Bio 866# One The Most Successful Fashion Designers to Ever Live



According to my see and saw watching not just looking, you stark bare Ass Tree Trunk Bare Ass bottom out bare ass skin deep necked not wearing any arrangement of underwear, not even a kind of Sort of… You can always take a branch off a limb but never cut the life from base of any trunk… for the life of God and living and going on at your pleasure and or i.e. etc... you as my leisure... .

~ Home Run Tease Marriage Banking Line


Listen to music selection by Susie McEntire Luchsinger “Sky Full of Angels” Country Gospel



Page 760

Economical Promise Financial Freedom

Mellisa Roberts Financial Investor Author Educated from James Madison University The Assignment Editor Producer CNN Courtly Character the Intellect and The mm & rr M&M and R&R Supply and Demand the other celebrity too mmm rrr more than Indemnity Agreement Real Estate Property #152


God Didn’t Promise us an Easy Life,

Problem free and without Strife,

He never said it wouldn’t be tough,

Or the Road of Life not be Jagged and Rough,

But our Gift of Love, Guidance, Direction, and Hope Given…

Gives us promise beyond the world we now live in,

So work each day and live with decisions to learn from which you made…

Some may be mistakes, with time if pained from doing your best the hurt will fade,

And Remember He is with us everywhere

Some look but those who can See are Rare beyond the Initial Creation of a Beginning Guaranteed Idea…

Just open your eyes and you might Recall,

The Singing Bird and the Rainbow after the Rainfall,

And look with wonder at the faces of those you love,

And you’ll see yourself in the Eyes of the Angels from above

Many people of the past from lack of Money or Opportunities were unable to reach their Full Fullest Whole Positive Potential

A Promise an Agreement or Vow; Indication, as of a Successful Promise Financial Positive Consistent Prophet Future; Basis for Expectation to Engage or Pledge To Grow To Progress To Survive To Love To Win To Learn To Positively Bid life or Live Life with Economical Financial Freedom into and through Positive Promising… “Promise Purposeful” Longevity H20 Life Aqua Lifestyle Holistic Gains of Profits

Love recognizes no barriers. It jumps hurdles, leaps fences, penetrates walls to arrive at it destination full of hope.

Author’s Comments

Self-Confidence is an all important trait you need to acquire in today’s fast-pace world. You must have confidence in yourself first to earn the confidence and respect of others.

~ Courtly #8 Hillary Rodham C (Born: October 26, 1947)


To fulfill a dream, to be allowed to sweat over lonely labor, to be given the chance to create, is the meat and potatoes of life, but you should share your creativity to get a more finished product.

-Bette DavisRevised


Foreign Exchange Spot Trading: A market for trading where currencies are bought and sold with other currencies, and are exchanged immediately.


Positive Self-Discipline puts you in the Driver’s Seat. When you rehearse the correct moves and internalize them, you will become a high-performance human being.” ~ 463 Denis Waitley...#...?


Romance is the glamour which turns the dust of everyday life into a golden haze. ~ Elinor Glynn


The list of qualities [an investor should have] includes patience, self reliance, common sense, a tolerance for pain, open mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic . ~ 1109 Peter Lynch



Maxim Positive Success Words of Wisdom: A strong, positive self-image is the best possible preparation for success .~ Joyce Brothers


Romantic Love Spark Inspiration Encouragement Motivational Marriage Seduction Sense of Senses Sensational Feel Harmony: Spouse, I remember every look upon your face...when we are a part...The way you roll your eyes, The way you taste, you make my senses come alive...away and apart ...Agape and or Together a Grape...



Successful people save in prosperous times so that they have a financial cushion in times of recession. Those who start with too little money are more likely to succeed than those who start with too much energy and imagination are the spring boards to wealth Creation.

----452 Brian Tracy Positive Energy Line


I wanna be next to ya for the clutch. I want to travel with ya....Let’s be there for each other in the clutch . As gardeners of each other's imagination and our souls which may blossom in prosperity.

~ I Truly Want to be your Best Friend Forever 4 Life Against all Odds line


Listen to music selection by Johnny Kemp “Just Got Paid”



Page 761

Six Business Principles

Discipline Philosophies the Cookie Shop

Management, Marketing, Accounting, Statistics, Economics, and Finance

If you know these six well…

Through the shopping windows everything winks

Warm and dreamy against the tongue and senses

Management, Marketing, Accounting, Statistics, Economics, and Finance

Delicious dreams can appear whole

Prepare Preparations Exceed life courses Lovers love love to be whole

Depending on your best Business Disciplines Shopping through life’s windows it unfolds

Author’s Comments

Children need models rather than critics. --Joseph Joubert(1754-1824) French Philosopher


“I’ve always believed that if you put in the work, the results will come.”

~ Belief Truth Smartness Hard Work Help Quote


You’re alive. Do something. Look. Listen. Choose. Act.” –Barbara Hall


The manner in which it is given is worth more than the gift.

--Pierre Corneille ( 1606-1684) French Playwright


Yen Carry Trade---A specific example of a currency carry trade, where an investor will exchange a specific amount of Japanese Yen for another currency with a higher interest rate, and then will invest the new currency in hopes of earning more interest than could have been earned with the yen.


You can’t have the fruits without the roots. It’s the principle of sequencing: Private Victories proceed Public Victories. Self-mastery and self-discipline are the foundation of good relationships with others.”

~ Stephen Covey (Born: October 24, 1932 --- A Book to Read)

Author of, The Seven Habits of Highly Effective People. Index II Pg.1519


At least eighty percent of millionaires are self-made. That is,they started with nothing but ambition and energy,the same way most of us start. Your wealth can only grow to the extent that you do!”

- T. Harv Eker & Brian Tracy



Tactful Humor Witticism Inspirational Funny Element Ingredient Quote:

The only thing that ever sat its way to success was a hen.-Sarah Brown...The past is a guidepost, not a hitching post. -Thomas Holcroft


All I Really Needed to Know I Learned in Kindergarten Poem Inside of a Poem: Think of what a better world it would be if we all - the whole world - had cookies and milk about 3 o’clock every afternoon and then lay down with our blankets for a nap. Or if we had a basic policy in our nations to always put things back where we found them and cleaned up our own messes. And it is still true, no matter how old you are, when you go out into the world, it is better to hold hands and stick together.


Clarification Love Point: "Never speak out of anger, Never act out of fear, Never choose from impatience, But wait... and peace will appear." ~ Guy Finley



You are an uncut gemstone of priceless value. Quality cut, improve and polish your potential with knowledge, skills and service and you will be in great demand throughout your life. ~ (Revised) Denis Waitley's Seeds of Optimism Line The Seeds of Greatness Treasury The Biology of Economy Hope


Picture these Cherries, Berries and the Fairy God Mother… What could we do....If, I grant you three wishes…wishing to be rich is not one. When it comes to luck you make your own. What we have once enjoyed we can never lose. All that we love deeply, becomes a part of us.

~ Fairy God Mother Business Principle Line


Listen to music section by Greater Vision “Paid in Full” (Through Jesus, Amen) Southern Gospel Enlighten






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