----------------- HES POSTING ----------------- 
dear Mircea 
you wrote: "I feel that most current textbook economics is the product of  
another era and not sufficiently descriptive of current realities."   
 
As you will see below, I agree. 
 
You also wrote: "The transition from Capital-needing to Markets-needing is what  
I want to explore".  My view (unsupported by any study of precisely when the  
transition took place) is that the transition is due to the impact of  
technology in moving us from a resource-deficient society to a  
resource-abundant society (see my article "IT and Strategy 
"IT/S Strategy", in Milan Zeleny (Ed.), The IEBM Handbook of Information  
Technology in Business (Routledge, 2000, pages 733-735) and in the earlier  
multi-volume International Encyclopedia of Business & Management (Routledge). 
 
As a result of this impact we live for the first time in history in a society  
in which we have, in principle, the possibility of producing more than we need  
of everything (if one ignores the limitations of and the impact on the  
environment).  And we do in fact already produce more than enough of most  
manufactured goods (from cars to computers), which is why "it is war out there"  
in the words of a top sales executive of one of the top 5 companies in that  
field, who was trying to explain the situation to some of his colleagues on the  
Board.  In the developed world, we also produce more than enough of food, and  
we have the technical capacity to produce more than enough food for everyone in  
the world.  The problems lie with distribution, with countries which are ruled  
by thieves (who often, as in Sudan, use religion as a cover for their thievery)  
and of course with the environmental consequences of the  
economic-financial-development model we are pursuing. 
 
Most textbooks and courses on economics are still built on the assumption of  
resource scarcity (rather than the reality of resource abundance) and most  
still don't take environmental constraints and consequences into account. 
 
prabhu guptara 
 
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