Author(s)

Yi-Jang Yu

Department of Economics, Ming-Chuan University, Taoyuan.

This study explains that, after combining the microeconomic natural law with the portfolio principle and a few bases in general economic analyses, the capability of managing all fundamental challenges in business operation, financing, and marketing can be directly established in economics textbooks. It is impossible to cover all critical topics; however, restoring economics as the foundation of all major disciplines for economic management can still be practically achieved. More crucially, by endogenizing the economic environment, such new economic textbooks can guide the chaotic economic world back to its normal conditions. The illustrated methodology is still far from perfect because the real synergistic effects cannot be quantitatively studied, and natural and social environments are still treated as exogenous factors in the analytical framework. Clearly, economics still has numerous challenges to overcome.

Microeconomic Natural Law, Portfolio Principle, Economics Textbook

Yu, Y. (2016) Microeconomic Natural Law, Portfolio Principle and Economics Textbooks. Modern Economy, 7, 575-585. doi: 10.4236/me.2016.75063.