Nano Economics

Principal Investigator:
Bala Subramanian

Abstract:
The international Finance provides mechanisms to bring about equilibrium using Law OF One Price (LOP), Arbitrage, Purchasing Power Parity (PPP) and Interest Rate Parity (IRP) among others. Could these not be extended to bring about equilibrium among political divisions and groups to further the UN sustainability goals? If yes, how can macro and microeconomics be extended to these societal domains such that conflicts are replaced by commerce and economic development? By so transforming, could the global economies thrive instead of striving to eliminate deficit financing, national borrowings and other economic and military weaponry. What could education sector do that could not be done by world wars, cold wars and political regimes?

Description of Research:
The research involves, monetization of social and societal relationships and tasks using commercialization and modeling. Once, such models are in place, real time data can be applied to strengthen the global economies and the existing political regimes using continuous improvement techniques. Since money, credit and markets exist for physical and non-physical (abstract intangibles) extending them in a laboratory setting might be accomplished through academia. Perhaps, a multiyear military contract might be negotiated alongside the conventional weapons development procurement contracts currently in place to embark students, faculty and the private/public sectors to study the outcomes with the urgency of the Manhattan Project (to build the nuclear bomb to end the WWII) to unify the global youth and challenge the status quo of the past twenty centuries. This contract could be a competitive contract to improve outcomes pitting Ivy league against the community colleges. Is there a societal spacetime just as the geographical or physical spacetime. If yes, are they measurable and utilizable for deriving benefits in the form of income to societal members? How could the service economy that replaced the post-industrial economy be augmented to achieve the UN SDG and bring about the self-reliant and the self-sufficient global youth to support the aging global population?