----------------- 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 ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]