The logic of the market is in a sense very transparent. It is based on mutually beneficial exchange. The requirements, therefore, are interests, information and intent. The interests of the individual, information as to opportunities for beneficial trade, and the intent to enter into contract for consideration or quid pro quo.
The market is a mechanism for coordinating individual interests and must therefore process a lot of information. It encourages freedom to contract, freedom to choose and freedom to foster change. Anyone who understands this logic and can make it advantageous is rewarded by prosperity.
Progress on the market depends on a preparedness to embrace change and innovation, to take risks and trust what the future brings. When the market works in an unhindered manner, free from external restrictions, a vast amount of resources are transferred and transformed into the goods and services that enhance man’s material welfare.
In a way, the market relies on the logic of circulation of vital and material energies and forces, and fosters movement that relocates resources where they are most required. It also functions on the basis of the principle of concentration. The market accumulates resources for a specific purpose, and has the ability to create assets which generate a stream of benefits in the future.
Accumulation and expenditure are the two sides of the same coin in market logic, and when they work in harmony, prosperity on the material plane is realized.
This blogsite is dedicated to the Youth of India.
Monday, September 11, 2006