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Did God Create The Laws Of Economics Like He Created The Laws Of Thermodynamics?

By antivirus software Posted in: RISING

1. The law of demand. When the price of a good falls, the quantity demanded does not fall.
2. The law of supply. When the price of a good rises, the quantity produced does not fall. Usually, a higher price for a produced good results in a greater quantity produced.
3. The law of diminishing returns (law of decreasing marginal productivity). Given a fixed amount of some input, when ever more amounts of the variable input are added, eventually, the marginal product (the last unit’s contribution to output) declines.
4. The law of one price. In an efficient market, a financial asset will tend to have one equilibrium price, because of arbitrage.
5. Gresham’s law. Bad money drives out good money when the bad money is legal tender.
6. The law of reflux. In competitive free-market banking, there cannot be a permanent over issue of banknotes, since any issued in excess of the quantity demanded will be redeemed.
7. Law of supply and demand. In a free market, the equilibrium price of a good is that at which the quantity supplied equals the quantity demanded.
8. The law of diminishing marginal utility. As one obtains more and more of a particular good, eventually the marginal utility (value from one more unit) declines.
9. The law of unintended consequences. Human actions, and especially governmental acts, have consequences which were not intended and not anticipated by the actors.
10. The law of iterated expectations. One cannot use the limited information at some previous time in order to predict the forecast error one would make if one had better information later.
Or are all laws human constructions?

  1. Anonymous Says

    God laid the foundation or laws of all things He gave intelligence and wisdom also, but to bad like most all things HE gave , man messes it up daily…..economics being one of them as well as thermodynamics…..and a host of EVERYTHING Else !!!

  2. Question Says

    God was an invented concept in years gone by to control the uneducated populous
    so no he DID NOT create the laws.

  3. Christian Warrior Says

    You know what makes more sense atheists? Nothing created laws.. they just happened, and if they were off by .000000000000001% we wouldnt be here to even talk about it…

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