The Wealth of the People: The Wealth of the Market

By Fernando Urias

The task of explaining the causes of the wealth of the people in a society is a long and complex subject for a single e-book. To facilitate the explanation and the delivery of the material, an e-book will be published in each set of topics.
The following are the planned titles of the book series:

Your Wealth
The first book looks at the time savings gained by a single person increasing his physical and mind assets in an island.

The Wealth of Your Neighbor
The second book is about the agreements that two people have to make to be in a path to increase their respective wealth.

The Wealth of the Market
The third book explains the opportunities offered by a free market to produce wealth for the people that participate in it. This book explains the wealth production results when there is a market that brings the competitive advantage of every individual to the table.

The Wealth of the Business Enterprise
The fourth book is about the function of the business enterprise to produce wealth for its customers, its owners, and its employees.

The Wealth of the State
The fifth book discusses what happens when we remove the assumption that everybody is going to behave correctly. The book explores the historical formation of the state and the implications for the production of wealth.

The Wealth of Social Capital
The sixth book is the core of the series. Social Capital is defined as the ability of a society to learn and agree on the rules that are necessary for the production of wealth. This is the key for the wealth of the people in society. This is the ingredient that is a prerequisite for physical and human capital formation and is the ingredient missing in many countries that are not able to achieve wealth.

The Wealth of Physical Capital
The seventh book is about the wealth of the physical capital that humanity has today. It should make you grateful that you live in this age and not five hundred or five thousand years ago.

The Wealth of Human Capital
The eighth book is about the wealth of the human capital that humanity has today. A great deal of the human capital available is taken for granted and it is wasted so it will be good to review it.

The Wealth of a Nation
The ninth book takes us to Adam Smith's Wealth of Nations. A nation is an entity that comprises a geographical area with a legal setting. It is governed by a state that is the keeper of the social contract. The state maintains the rules of a nation’s social capital and thus determines the capital structure of the nation and its citizens and in this way the state determines the income of its citizens.

The Wealth of the Planet Earth
The tenth book is about our planet. It introduces the concept of Natural Capital. What we think as natural resources is actually the capitalization of life that has been happening for millions of years. Unfortunately, many of the actions that we do in the pursuit of wealth production reduce the planet’s natural capital. If the planet was treated as a capital asset, it would be maintained correctly and it would not be consumed risking a drop of the whole world to a lower income level.

The Wealth of the Human Spirit
The eleventh book will be an inquiry about what of all these economic principles might mean in the spiritual world.

End of the Series

• Language: English
• Publisher: Fernando Urias
• Release date: Sep 12, 2011
• ISBN: 9781466053564

Fernando Urias

Fernando Urias is a process engineer with experience writing SOPs (Standard Operating Procedures) to communicate the best business processes to a large number of people. To do this successfully, he reads books available in the subject, talks to people that perform the process, including operational folks and experts, and listens to the latest podcasts and YouTube videos. With this information, he writes what he thinks is the best practice. His professional experience has spilled over to his hobbies resulting in several book series. A Low Carbohydrate Lifestyle series: One of his hobbies is cooking and one of his objectives is to be healthy. This is has resulted in a series explaining a low carbohydrate lifestyle. Book 1: My Low Carb Story, Diet Book, Cookbook, and Shopping List. Book 2: My Low Carbohydrate Home Menu. Book 3: A Well-Engineered Diet and Cookbook. A Business Series: He uses several management tools professionally, some of them from the Lean Six Sigma Black Belt arsenal, which he will share in a business series. The first tool shared is a system to write and maintain action lists in paper, a smartphone, or a computer. He uses this tool to keep track of the things that need to get done to achieve stated objectives and at the same time keep stress low by having pending actions written instead of letting them linger in the mind causing mental stress. Book 1: The Automatic Time Management System The Wealth of the People Book Series: One of his hobbies is to study economic theory. He is interested in understanding the different levels of wealth of the nations of the world, specifically what explains the difference in wealth between Mexico and the United States of America, since he was born in the border. This has led him to write a series of books about the production of wealth. Book 1: Your Wealth Book 2: Your Neighbor's Wealth Book 3: The Wealth of the Market Book 4: The Wealth of the Business Enterprise Book 5: The Wealth of the State Book 6: The Wealth of Social Capital A Mexico Series: Fernando was very concerned with the results of the Mexican 2018 election results motivating him to attempt to find out why those results were obtained and to follow up the income per capita under the new government. This series is in Spanish. Book 1: El Ingreso Prom...

Book preview

Introduction

This is the third book of the Wealth of the People series. The series is an inquiry about the requirements for the production of wealth in a society.

The first book looked at the economics of one person alone in an island and concluded that to produce wealth you have to work using your capital structure. The time and intelligence invested in your capital structure determines the income that you can make. Your capital structure is made up of the physical tools that you make, which is called physical capital and the knowledge and skills that you have for the construction and use of these tools, which is called human capital.

The second book looked at the requirements for the wealth production process to continue when a neighbor appears in the island. An agreement to respect life and property emerges as a requirement for the wealth production process to continue and becomes a factor of production. This and other agreements that are necessary for the production of wealth are factors of production and can be grouped under the concept of social capital. Your capital structure in this way is composed of physical, human, and social capital. Social capital is identified as a prerequisite for the existence of physical capital. Your capital structure, including its social components, determines the amount of the income that you can make with your work.

This is the third book. It is about the wealth of the market. It assumes that there is sufficient social capital in a society to allow the existence of a market. The removal of this assumption will be discussed later in other books of the series. The economic conclusion of this book is that a free market has many advantages that contribute to the wealth production processes making it very advantageous for all individuals to participate.

This book assumes that you have read the first and second books. If you have not done so, please go to smashwords.com and obtain the first two books.

A full list of the Wealth of the People titles can be found at the end of this book.

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The Wealth of the People:

The Wealth of the Market

An Inquiry into the Relationship between

Wealth, Freedom, and Life

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The Market

The advantages that you and your neighbor found respecting each other’s life and property and engaging in trade are multiplied many times in a market where many people can buy and sell. With many buyers, you