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The Economic Model

Why a new economic model is needed - Many of the relations and concepts presented here are intuitive or discussed in a vast volume of economic and other literature. The Economics of Choice, however, weaves these concepts together to form a comprehensive platform for economic thought that expands on mainstream economic thought and improves understanding. Its comprehensiveness lies in the way it emphasizes and puts in the forefront of economic thought individual and societal values, human and physical capital, technological progress, time spent at production and improvement in the measured and unmeasured sectors, natural resource scarcity, debt, and the opportunity to pursue happiness (OPH).

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