Universal Economics

Universal economics is my interest in promoting the maximum utilisation of resources for the well being of human beings. This is derived from old definitions of economy but the latest text books don't seem to define economy in this light.

I believe in the older definition because it emphasises the purpose of living, i.e. the pursuit of maximum long-term pleasure based on available resources.

My conclusion is simple, maximisation of gross per capita income in world currencies.

I find this the best way to maximise ones resources.

Surprisingly this is not accepted universally especially my own country, Malaysia which believes in devaluing and minimising salaries relative to world currencies.

I had to campaigned hard in order to convince Malaysian economists that strengthening the local currency is the best way to increase foreign direct investment, and therefore our share prices. Only recently that I start reading articles about the advantages of strong Malaysian currencies but even here with lots of reservations.

The current increase in share prices in the Malaysian share market shows clearly the advantages in maintaining a stable and strong Malaysian currency, not only for all citizens, but also for employers and investors.