Hong, Ngit Ming (2008) A significant study of the economics fundamental in relation to the wealth creation-unvieling the wealth creation mystery. Masters thesis, Universiti Malaysia Sabah.
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Abstract
Life must be sustained by at least a bare minimal wealth such as at least a subsisting amount of food which is a wealth. Therefore acquiring wealth is most crucial for mankind's survival. As such, tracing or identifying the source or the provider of wealth is fundamental and crucial to economics science, and will guide mankind on the right course towards prosperity and perhaps peace. Such is the greatest quest in mankind's endeavor to unveil the mystery of wealth creation. However, this quest seems obvious and straightforward but tends to be easily misinterpreted, making the mystery of wealth creation the hardest puzzle to be solved. You win, I win, and everyone wins; who then is the loser or provider of wealth? Such question is obvious because of the inevitable debit-credit mechanism, which is obviously also part of mainstream economics and is in fact an axiom rooted from the Axiom of Causality. However, history clearly demonstrates severe unconscious departure of this axiom and violation of this debit-credit mechanism in identifying this provider. It is further blurred by knowledge-based economy, which claims that there is no loser and that wealth can be created unlimitedly through knowledge. This simply means that wealth can be created out of nothing. Contrarily, the finding herein concludes otherwise. The knowledge-based economy, which in fact is about how to get wealth to one's hand, has yet to prove its completeness. Indeed, hitherto economic science has not yet found the answer. In contrast, the objective of this research focuses on what wealth is or who the provider of wealth is!
| Item Type: | Thesis (Masters) |
|---|---|
| Keyword: | Wealth creation, Provider of wealth, Economic causality, Knowledge economy, Debit-credit mechanism |
| Subjects: | H Social Sciences > HG Finance > HG1-9999 Finance > HG179 Personal finance |
| Department: | SCHOOL > School of Business and Economics |
| Depositing User: | DG MASNIAH AHMAD - |
| Date Deposited: | 18 Jul 2025 13:58 |
| Last Modified: | 18 Jul 2025 13:58 |
| URI: | https://eprints.ums.edu.my/id/eprint/44554 |
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