How to Become Wealthy and How to Grow That Wealth

By Dr. Abdoulaye Keita

This book will help everyone become wealthy by creating and increasing wealth. It will help corporations to grow their productivity, production, profitability, and consequently, their added value. It will help international institutions such as the World Bank, International Monetary Fund, African Development Bank, etc. to improve their efficiency and efficacy. It will help countries develop and grow their citizens’ well-being. It will help the entire world to reduce poverty and create prosperity for everybody.

For more information, you may visit- https://www.facebook.com/profile.php?id=100092536546214

• Language: English
• Publisher: Xlibris US
• Release date: Apr 24, 2023
• ISBN: 9781669871071

Book preview

Copyright © 2023 by Dr. Abdoulaye Keita.

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.

Any people depicted in stock imagery provided by Getty Images are models, and such images are being used for illustrative purposes only.

Certain stock imagery © Getty Images.

Rev. date: 04/21/2023

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Contents

ACKNOWLEDGMENTS

GENERAL INTRODUCTION

CHAPTER I: HOW TO GROW WEALTH IN A FUTURE WITHOUT OIL

Section 1: Introduction on wealth in a future without oil

I.1 Context on a future without oil

I.2 Key words in the future without oil

I.3 Definition of key words in the future without oil

Section 2: Issues and analysis on wealth growth in the future without oil

2.1 Basic problems of wealth in a future without oil

2.1.1 Oil prices will continue to increase

2.1.2 A wonderful idea to rescue the world

2.1.3 Imitate nature in a speedy manner

II.2. Specific analysis on wealth in a future, post-oil era

Section 3: Conclusion on wealth in a future without oil

3.1 Some essential figures

CHAPTER 2: HOW TO INVEST IN BONDS AND STOCKS TO GROW WEALTH

Section 1: Introduction to stocks and bonds to grow wealth

I.1 Context: Get wealthy through stocks and bonds

I.2 About the author: Real essays with readings

I.3 Key words in real essays

I.4 Definition of key words in the real essays

Section 2: The body of issues and analysis on stocks and bonds and wealth

II.1 Basic problems in stocks and bonds investment to growing wealth

II.2. Specific analysis: how to invest in bonds and stocks to create wealth

II.2.1 Save

II.2.2 Read

II.2.3 Think

II.2.4 Practice

II.2.5 Open a brokerage stocks and bonds account at a broker’s study at low cost

II.2.6 Build up a small portfolio of stocks

II.2.7 Work in the long term is always preferable

II.2.8 Hang on to the winners

II.2.9 Avoid stock exchange advice

II.2.10 Invest regularly and systemically

II.2.11 Consider selling shares of your properties when it’s opportune

II.2.12 Consult a renowned broker, banker, or investment adviser

Section 3: Conclusion on wealth growth with stocks and bonds

CHAPTER 3: FROM SOCIAL BUSINESS TO WEALTH

I. Introduction on wealth through social business

I.1 Context on wealth through social business

I.2 About the author Mohammad Yunus

I.3 Key words on social business and wealth

I.4 Definitions of the key words in social business and wealth

II. The body of issues and analyses in social business and wealth

II.1 Basic problems in building social business and wealth

II.2 Specifically, for analyses, refer to the example of Grameen Danone Food Limited

II.3 Difficulties met by Grameen Bank

III. Conclusion on social business and wealth

CHAPTER 4: HOW HUMAN CAPITAL CREATES AND GROWS WEALTH

I. Introduction on human capital’s impact on wealth growth

I.1 Context on human capital and wealth growth

I.2 About the authors on human capital and wealth growth

I.3 Key words on human capital and wealth growth

I.4 Definition of the key words on human capital and wealth growth

I.4.1 Human capital

I.4.2 Economic growth

I.4.3 Wealth

I.4.4 Human

II. The body of issues and analysis: Human capital, convergence, and wealth growth

II.1 Basic problems in human capital and wealth growth

II.2 Specific analysis on wealth growth and human capital

III. Conclusion on human capital as a wealth growth factor

CHAPTER 5: HOW TECHNICAL PROGRESS GROWS WEALTH

I. Introduction on technical progress’ impact on wealth growth

I.1 Context of technical progress and wealth growth

I.2 About the authors on technical progress

I.3 Key words on technical progress

I.4 Definition of the key words on technical progress

II. The body of issues and analysis on technical progress and wealth growth

II.1 Basic problems in wealth and technical progress

II.2 Specific analysis on technical progress’ impact on wealth growth

2.2.1 The duality of the approaches to technical progress

2.2.1.1 The production function approach through

2.2.1.2. The accountable approach: The accountable’s surplus

2.2.2. The types of technical progress

2.2.2.1. Neutrality according to Hicks

2.2.2.2 Neutrality according to Harrod

2.2.2.3 Neutrality according to Solow

2.2.3 Technical progress and employment

III. Conclusion on technical progress as a wealth growth factor

CHAPTER 6: TRUST IN THE WORKPLACE LEADING TO WEALTH GROWTH

I. Introduction on trust in the workplace

I.1 Context on the workplace and wealth

I.2 About the authors Robert W. Rogers and Sheryl Riddle

I.3 Key words on trust in the workplace

I.4 Definition of the key words on trust in the workplace

II. The body of issues and analysis on trust in the workplace

II.1 Basic problems on trust in the workplace

II.2. Specific analysis on trust in the workplace

2.2.1 Why is trust important in the workplace? Does trust develop creativity and higher productivity?

2.2.2 What are the dangers of trust?

2.2.3 Is it better to have trust in the workplace or better to have control? Can you have trust when management controls the workplace?

2.2.4 Give your final thought about trust among people and how trust changes life

III. Conclusion on trust in the workplace

CHAPTER 7: HOW TO CREATE AND GROW WEALTH

I. Introduction on wealth, wealth creation, and its growth

I.1 Context on wealth, wealth creation, and its growth

I.2 About the author Adam Smith

I.3 Key words on wealth creation

I.4 Definition of the key words on wealth creation

II. The body of issues and analysis on wealth, wealth creation, and growth

II.1 Basic analysis on wealth, wealth creation, and its growth

II.2 Specific analysis on wealth, wealth creation, and wealth growth

III. Conclusion on wealth, wealth creation, and its growth

3.1 Conclusion on wealth, wealth creation, and wealth growth

3.2 Recommendation on wealth, wealth creation, and wealth growth

CHAPTER 8: COMPARISON AND CONTRAST BETWEEN CLASSICAL AND KEYNESIAN THEORIES ON WEALTH’S GROWTH

I. Introduction on the classical and Keynesian theories on wealth

I.1 The context of classical and Keynesian theories on wealth

I.2 About the authors John M. Keynes and Adam Smith

I.2.1 John M. Keynes

I.2.2 Adam Smith

I.3 Key words in Smith’s and Keynes’ theories

I.4 Definition of key words in classical and Keynesian theories

II. The body of issues and analysis on wealth in classical and Keynesian theories

II.1 Basic analysis: Convergent points between the classical and Keynesian theories on wealth

II.2. Specific analysis on the points of difference between classical and Keynesian theories

II.2.1 The economic approach: micro or macro

II.2.2 The role of the market and the flexibility of prices

II.2.3 The flexibility or non-flexibility of salaries

II.2.4 The capital market

II.2.5 The role of money

II.2.6 The intervention or not of the state

II.2.7 The budget policy

II.2.8 The fiscal policy

II.2.9 The monetary policy

II.2.10 The income policy

II.2.11 The industrial policy

II.2.12 Opening or closing the economy

II.2.13 The nature of the production functions

II.2.14 The factors of production

III. Conclusion on the classic and Keynesian analyses

CHAPTER 9: HOW SOLOW’S MODEL EXPLAINS WEALTH GROWTH

I. Introduction on wealth growth in R. Solow’s model

I.1 Context on wealth’s balanced growth in R. Solow’s model

I.2 About the author Robert Merton Solow

I.3 Key words in Solow’s model and wealth growth

I.4 Definition of the key words

II. The body of issues and analysis of wealth growth in Solow’s model

II.1 Basic problems of wealth growth in Solow’s model

II.2 Specific analysis on Solow’s model and wealth growth

2.2.1 The main hypotheses of Solow’s model

2.2.2 Solow’s model formalization

2.2.3 Research for a particular solution; balanced growth at a constant rate

2.2.4 Graphical resolution of Solow’s model

III. Conclusion on Solow’s model and wealth growth

CHAPTER 10: HOW INVESTMENT GROWS WEALTH IN DOMAR’S MODEL

I. Introduction on wealth growth in Domar’s model

I.1 Context on wealth growth in Domar’s model

I.2 About the author Evsey David Domar

I.3 Key words in Domar’s model

I.4 Definition of the key words in Domar’s model

II. The body of issues and analysis of wealth growth in Domar’s model

II.1 Basic problems on wealth growth in Domar’s model

II.2 Specific analysis on wealth growth in Domar’s model

2.2.1 Imbalance of the inflationary type

2.2.2 Imbalance of the deflationary type

III. Conclusion on wealth, wealth growth in Domar’s model

CHAPTER 11: HOW THE HARROD MODEL EXPLAINS WEALTH GROWTH

I. Introduction on wealth growth in Harrod’s model

I.1 Context on wealth growth in Harrod’s model

I.2 About the author Roy Harrod

1.3 Key words in Harrod’s model

1.4 Definition of key words in Harrod’s model

II. The body of issues and analysis on wealth growth in Harrod’s model

II.1 Basic problems on wealth growth in Harrod’s model

II.1.1 The Neo-Cambridgian model and the modification of the propensity to save

II.1.2 The neoclassical model and the modification of the capital coefficient

II.1.3 The model of Malthusian type and modification of the natural growth rate

II.2 Specific analysis on wealth growth in Harrod’s model

II.2.1 Real growth rate g

II.2.2 Warranted growth rate gw

II.2.3. Natural growth rate n

II.2.4. Imbalance over a short period between g and gw

II.2.5 imbalance over a long period between g and gw

III. Conclusion on wealth growth in Harrod’s model

CHAPTER 12: HOW INVESTMENT GROWS WEALTH IN AFRICA

Abstract on wealth and investment

Acronyms and Abbreviations

Introduction on investment and economic wealth growth

i.1 History of wealth an investment

i.2 Key words on wealth and investment

i.3 Definition of the concepts in wealth and investment

i.3.1 Investment

i.3.2 Economic growth

i.3.3 African Union

I. Problems, objectives, and points of interest in wealth and investment

1.1 Problems in wealth growth and investment

1.2 Objectives of the study on wealth growth and investment

1.2.1 Main objective of the study on wealth growth and investment

1.2.2 Specific objectives of the study on wealth growth and investment

1.3 Points of interest on wealth growth and investment

II. A review of the theoretical and empirical literature on wealth and investment

2.1. A review of theoretical literature on wealth and investment

2.1.1. Economic wealth growth theories

2.1.2 Investment theories

2.2. A review of the anterior empirical results on investment and wealth

III. Hypothesis on wealth and investment

IV. Methodology on investment and wealth

4.1 Sources of data on wealth and investment

4.2 The econometric approach on wealth and investment

V. The main results of the tests on wealth and investment

VI. Conclusion and recommendations on investment and wealth

6.1 Conclusion on wealth and investment

6.2 Recommendations on investment and wealth

ANNEX 1

Introduction to Annex 1

Description of wealth and investment Annex 1

General analysis

Current information

Discussions

Conclusions

Bibliography on investment and wealth

CHAPTER 13: HOW HUMAN CAPITAL CREATES AND GROWS WEALTH IN AFRICA

Abstract on wealth growth and human capital

Introduction on wealth growth and human capital

i.1 History of human capital and wealth growth

i.2 Key words on wealth growth and human capital in Africa

i.3 Definition of the concepts on human capital and wealth growth

i.3.1 Human capital

i.3.2 Economic growth

i.3.3 African Union

I. Problems, objectives, points of interest in the study on human capital and wealth growth

1.1 Problems on wealth growth and human capital

1.2 Objectives of wealth growth and human capital

1.2.1 Main objective of the study on human capital and wealth growth

1.2.2 Specific objectives in human capital and wealth growth

1.3 Points of interest in the study on wealth growth and human capital

II. A review of the literature on the study of wealth growth and human capital

2.1. A review of the theoretical literature on wealth growth and human capital

2.1.1. The theories on economic wealth growth

2.1.2. Theories on human capital

2.2. The anterior empirical results on wealth growth and human capital

III. Hypothesis on wealth growth and human capital

IV. Methodology on human capital and wealth growth

4.1 Sources of data on human capital and wealth growth

4.2 Econometric approach on wealth growth and human capital

V. The main results in wealth growth and human capital

VI. Conclusion and recommendation on wealth growth and human capital

6.1 Conclusion on human capital and wealth growth

6.2 Recommendations on wealth growth and human capital

ANNEX 2

Introduction to Annex 2

Description on wealth growth and human capital

General Analysis on the human capital and the wealth growth

Current Information on wealth growth and human capital

Discussions on wealth growth and human capital

Conclusions on human capital and wealth growth

CHAPTER 14: FROM THE AL MODEL TO WEALTH AND WEALTH GROWTH

I. Introduction on wealth in the AL model

I.1 Context on wealth in the AL model

I.2 About the author Dr. Abdoulaye Keita

I.3 Key words in the AL model

I.4 Definition of the key words in the AL model

1.4.1 Economic growth

I.4.2 Wealth

1.4.3 The Y = AL model

I. Body of issues and Analysis in From ‘AL’ model to wealth and wealth growth

II.1 Basic problems of the AL model, wealth, and wealth growth

2.1.1 Econometric arguments in From the ‘AL’ model and wealth growth

2.1.2 Hypotheses of the AL model on wealth growth

II.2 Specific analysis on the AL model

2.2.1 Writing of AL model

2.2.2 Interpretation of AL model

2.2.3 Limits of the study on the AL model

II. Conclusions on the AL model to wealth and wealth growth

3.1 Benefits of the AL model

3.2 AL model recommendations

CHAPTER 15: WEALTH GROWTH AND ITS DISTRIBUTION IN KALDOR’S MODEL

I. Introduction on wealth growth and its distribution

I.1 Context on Kaldor’s model and wealth distribution

I.2 About the author Nicholas Kaldor

I.3 Key words in Kaldor’s model

I.4 Definition of the key words on wealth distribution

II. The body of issues and analysis on wealth distribution in Kaldor’s model

II.1 Basic problems of wealth distribution and its growth in Kaldor’s model

II.2 Specific analysis on wealth growth and its distribution in Kaldor’s model

1.1.1 Saving and revenue distribution in Kaldor’s model:

2.2.2 The technical progress function in Kaldor’s model:

2.2.3 The execution of dynamic equilibrium in Kaldor’s model:

2.2.4 The inflation regulator role of demand in Kaldor’s model:

2.2.5 The profit rate depending on the growth rate in Kaldor’s model:

III. Conclusion on wealth distribution and its growth in Kaldor’s model

CHAPTER 16: HOW TO BALANCE WEALTH GROWTH IN THE ROBINSON MODEL

I. Introduction on wealth growth in Robinson’s model

I.1 Context on wealth growth in Robinson’s model

I.2 About the author Joan Robinson

I.3 Key words on wealth growth in Robinson’s model

I.4 Definition of the key words in Robinson’s model

II. The body of issues and analysis on wealth growth in Robinson’s model

II.1 Basic problems on wealth growth in Robinson’s model

II.2 Specific analysis on wealth growth in Robinson’s model

2.2.1 The basic conditions of Joan Robinson’s model

2.2.2 The hypotheses of the Robinson model

2.2.3 Writing the Robinson model

2.2.4 Interpretation of J. Robinson’s model

III. Conclusion on wealth growth in Robinson’s model

CHAPTER 17: A QUANTUM SHIFT IN THE GLOBAL BRAIN TO GROW WEALTH

I. Introduction on wealth growth in the global brain

I.1 Brief views on the author Ervin Laszlo

I.2 Key words on the quantum shift

I.3 Definition of the key words on the quantum shift

II. The body of issues and analysis on the global brain

II.1 Basic problems in wealth growth in the quantum shift

II.2 Specific analysis on the quantum shift in the global brain

II.2.1 Why we must shift into global brain

II.2.2 How we could shift into the global brain

II.2.3 When we should shift to grow wealth

II.2.4 New science insights on shifting: everything is connected with everything else

II.2.5 We are an integral part of an integral cosmos

III. Conclusion on the quantum shift in the global brain

CHAPTER 18: OF THE DIVINE MATRIX D TO THE WEALTH

I. Introduction on the divine matrix to the wealth

I.1 Context on the divine matrix and the wealth

I.2 About the author Gregg Braden

I.3 Key words into the Divine Matrix and the wealth

I.4 Definition of key words on the divine matrix and wealth

II. The body of issues and analysis on the divine matrix and wealth

II.1 Basic problems on wealth and the divine matrix

II.2. Specific analysis on the divine matrix and wealth

2.2.1 Can we remember that?

2.2.2 How do we use this energy?

III. Conclusion on wealth in the divine matrix

CHAPTER 19: FROM THE HIDDEN CONNECTIONS TO WEALTH

I. Introduction to The Hidden Connections to wealth

I.1 Context on the hidden connections

I.2 About the author Fritjof Capra

I.3 Key words in The Hidden Connections

I.4 Definition of the key words in The Hidden Connections

II. The body of issues and analysis on the hidden connections and wealth

II.1 Basic problems between the hidden connections and wealth

II.2. Specific analysis on the hidden connection and wealth

III. Conclusion on hidden connections

CHAPTER 20: WEALTH IN THE NEXT GLOBAL STAGE

I. Introduction on wealth in the next global stage

I.1 Context on wealth in the next global stage

I.2 About the author Kenichi Ohmae

I.3 Key words on wealth in the next global stage

I.4 Definition of the key words on wealth in the next global stage

II. The body of issues and analysis on wealth in THE next global stage

II.1 Basic problems on wealth in the next global stage

II.2. Specific analysis on wealth in the next global stage

III. Conclusion on wealth in the next global stage

CHAPTER 21: FRACTAL TIME, AN OPPORTUNITY FOR WEALTH

I. Introduction on fractal time as a wealth opportunity

I.1 Context on fractal time as a wealth opportunity

I.2 About the author Gregg Braden

I.3 Key words in Fractal Time

I.4 Definition of the key words in Fractal Time

II. The body of issues and analysis on fractal time as a wealth opportunity

II.1 Basic problems on fractal time as a wealth opportunity

2.1.1 Our bottleneck of change

2.1.2 Linked hearts thanks to a state of global coherence

2.1.3 The two main objectives of this initiative

2.1.4 The meaning of the time codes

II.2. Specific analysis on Fractal Time

Time Code 1

Time Code 2

Time Code 3

Time Code 4

Time Code 5

Time Code 6

Time Code 7

Time Code 8

Time Code 9

Time Code 10

Time Code 11

Time Code 12

Time Code 13

Time Code 14

Time Code 15

Time Code 16

Time Code 17

Time Code 18

Time Code 19

Time Code 20

Time Code 21

2.2.1 An occasion that presents itself only every 26 000 years

2.2.2 Time Code 22

III. Conclusion on Fractal Time

GENERAL CONCLUSION AND RECOMMENDATIONS

Conclusion

Recommendations

REFERENCES

List of Tables

Table A1: Descriptive statistics on the study data

Table A2: Matrix of partial correlation between the study variables

Table A 3: Results of the Dickey-Fuller unit-root test of the variables

Table A4: Results of the augmented Dickey-Fuller unit-root test (ADF) and Phillips-Perron test (PP) on the variables of analysis

Table A5: Bi-variate modelization between GDPR and real investment

Table A5.1 Engle and Granger cointegration ring test

Table A5.2: Granger causality test

Table A5.3: VAR Model Estimation

Table A5.4: Cointegration relationship validation

Table A5.4.2: VAR Residual Heteroskedasticity Tests, including cross terms

Table A5.5: Foresight Error Variance Decomposition

Table A6: Multivariate Modelization

Table A6.1: Johansen Cointegration Ring Test

Table A6.2: Johansen cointegration test

Table A6.3: VECM Relationship Estimation

Table A6.4: Cointegration relationship validation

Table A6.4.2: VEC Residual Heteroskedasticity Tests, including cross terms

Table B1: Descriptive statistics of the study data

Table B2: Matrix of partial correlation between the study variables.

Table B3: Results of the augmented Dickey-Fuller unit-root test (ADF) and Phillips-Perron test (PP) on the variables of analysis

Table B4: Results of the bivariate tests of Johansen and Juselius of the correlation between the GDP per head and the HC (in percentage of population)

Table B5: Results of the multivariate cointegration tests of Johansen and Juselius

Table B6: Granger causality test between HC, the GDPt, the employment, illiteracy rate, and the transfer of technology

Table B7: Estimation of VAR

Table B8: Vectoral Tests

Table B9: Results of impulsion analysis

Table B10: Decomposition of the variance

List of Graphs

Graph 1: Solow’s balanced growth

Graph 2 : The Y= AL model

Graph3 A1: Variables Graphical Analysis

Graph4 A2: Correlogram of the variables

Graph5 A3: Impulsion Response Function

Graph 6 : The Y= AL model

Graph 7 B1: Impulsion Response

Graph 8 B2: Decomposition of the variance

Graph 9 B3: Results the multivariate cointegration test

Graph 10 B4: Results of the bivariate cointegration test

Graph 11 : le model « Y= AL »

Graph 12: Technical Progress function in Kaldor’s model

Graph 13: Robinson’s model

Graph 14 A: profit rate Graph 15 B: accumulation rhythm

Graph 16: Robin’s stable equilibrium

To my late mother Hadja Kadia Traore

May her soul rest in eternal peace, amen

I hope this book will help each reader to become wealthy. I also wish for every country and the whole world to become wealthy and/or grow their wealth.

Acknowledgments

I would like to start this reflection work by warmly thanking my lovely late mother Folonka Kadia Traore and my late wise father Fadjimba Woulen Keita, who have kindly accepted to bring me to life. I am also grateful to them for having raised me on the right path, instilling in me the taste of effort and hard work throughout my life and the will to go forward with the grace of the almighty God. May their souls rest in eternal peace. Amen!

I extend my sincere and warmest thanks to my advisors Dr. Erick Aguilar, Dr. Edgar Colon, Dr. Linda Collazo, Dr. Angel Ranal, Dr. Franklin Valcin, Dr. Gilroy Newball, and Rosa Hilda Lora for their valuable assistance, encouragement, guidance, and academic counselling during my doctorate and post-doctorate degree studies programs at the Atlantic International University of Honolulu in the state of Hawaii, United States of America.

I would also like to thank the entire university authorities, the faculty officials, and the School of Business and Economics, who have contributed to the development, modernization, and innovation of the Atlantic International University, resulting in the reduction of training fees and made the training schedule flexible, and considerably shortened or even canceled the training distances during my studies as wished by the university founders.

I extend all my gratitude and thanks to my tutors Kazumi Iwasaki, Liliana Penaranda, and Rina Lehnhoff for their invariable administrative assistance.

I would like to express my profound gratitude to the finance department, student services, and technical services for their contributions to the success of my post-doctorate degree program at Atlantic International University.

I would finally like to thank Jules Dugards, director of the Centre International de Formation et de Perfectionnement (CIFOPE) in Paris, France, for his high contribution during my studies in the said center.

General Introduction

Wealth. Wealth, its production, distribution, consumption, saving, and growth has caused much blood, tears, sweat, ink, saliva, water, and goes back to the appearance of life until the Neolithic period and from this epoch till nowadays. The instinct for life and survival, the hard work and exhausting struggle for happiness and well-being have been and still are the worry, concern, and preoccupation of people, pets, aquatic animals, terrestrial animals, birds, and microscopic organisms in time and space. Wealth has caused equally many thoughts, research, writing, publication, conference, teaching, and debate by economists like Plato and Aristotle (antiquity), Confucius (antiquity), Adam Smith (1776), Malthus (1798), Mill (1844), Ricardo (1817), Say (1803), Quesnay (1759), Marx (1867), Cobb and Douglas (1928), Keynes (1936), Schumpeter (1939), Tinbergen (1942), Robinson (1942), Neumann (1944), Harrod-Domar (1950), Pasinetti (1956), Solow (1956, 1957), Samuelson (1954), Leontief (1973), Friedman (1976), Kaldor (1959), Kuznet (1959), Denison (1961), Barro and Lucas (1988), Keita (2015), and others. Finally, wealth has caused several adversities, oppositions, wars, conflicts, battles, competitions, but also mergers, associations, unions, relocation, partnerships, cooperation between people, industries, corporations, countries, economic zones, and continents.

Why this book? Who must read this book? When to read this book? Where to find this book and how to read it?

Wealth governs the world. This book is made for everyone. It is made especially for everybody who would like to live with happiness and uninterrupted growth of welfare. It has been written for people and corporations that are altruistic with their descendants for creating and/or increasing wealth.

You can have this book in electronic, audio, video, or physical version in bookcases, bookstores, online libraries, Amazon, Barnes and Noble, Borders.com, Books-A-Million and many more, Google, my website, Xlibris website, New York Times Sunday Book Reviews website, Reader’s Digest Magazine website, at book events such as international book exhibits, book festivals, other book exhibitions, and many more.

To read and understand this book, you must start with the table of contents as your guide to select chapters you would like to read after the general introduction, preface, general conclusion, and recommendation.

This book must be read instantly because of the richness of its content. You need to read this book now, without delay. You must save time to succeed in your life, to make your parents, children, ancestors, and descendants’ lives successful and to win against your competitors. You must read it now to improve the profitability and productivity of your corporation, your country, your economic zone, your continent, and even the whole world. You must start reading this book immediately to become wealthy.

We have written this book and we suggest it to everybody because it will help the entire world to reduce poverty by creating and increasing world wealth. It will help everyone to create and develop wealth. It will help corporations to increase their profitability and productivity. This book will help every country grow their national wealth in order to improve the well-being of their citizens. It will help young people to create and grow wealth by becoming entrepreneurs, and consequently to avoid or reduce clandestine immigration or stowaways. This book will help everyone and every government reduce their unemployment rate and create prosperity for everybody.

This book is a scientific analysis by academic, econometrical, and empirical methods; a mathematization, a synthesis, a criticism, a rewording, and a deepening of the previous theories, practices, studies, research, and experimentation about economics, economic wealth, wealth creation, and wealth growth from antiquity to nowadays.

In the first chapter of this book, "How to grow wealth in a Future without Oil," we give proof of how it will help you to find better living conditions in a rich, future, post-oil world. Specifically, it will explain wealth growth in a future without oil as well as the ways in which individuals can become wealthy. It will also help you to know how oil increases the production of foodstuffs, clothing, and housing, including goods and services consumption; how the world can prepare for a future without oil; how every individual can create and grow wealth in a future without oil.

The second chapter of this book, "How to invest in bonds and stocks to grow wealth," has as the main objective of describing to you the mechanisms of investing in bonds and stocks with the aim to create and grow wealth. Specifically, it will explain and allow you to understand how to invest in bonds and stocks on the stock exchange market by making profits and growing wealth. This chapter explains that to invest in stocks and bonds, you must save, read, think, practice, open a stocks and bonds account with a brokerage at low cost, build a stocks small portfolio, work on long term that is still better, hang on to the winners, avoid stock exchange advice, invest regularly and systemically, consider selling the shares of your properties when it’s opportune, and consult a renowned broker, banker, or an investment advisor to create and increase wealth.

In this book, the main objective of the third chapter, "From Social Business to Wealth," describes how social business impacts wealth. Specifically, it explains how everyone, every corporation, and every country can practice building social business to become wealthy. This third chapter explains that social business is best practices and should spread speedily. Social business models might be copied and rolled out by other partners in other parts of the world. They might even merge with each other to become a stronger social force. For all those reasons, there should be a proliferation of social businesses through new or the duplication of business models with the aim to grow wealth.

The fourth chapter of this book, "How Human Capital Creates and Grows Wealth," can help everybody, every company, and every country by explaining how developing countries can make up the developed countries; how small corporations can catch up to the big companies; how poor people can catch up to the wealthy people by improving the quality of human capital, professional qualification, productivity, and profitability. Specifically, it explains the impact of human capital on wealth and wealth growth. This model explains the importance of human capital in the process of production, wealth growth, and the issue of catching up of developed countries by developing countries, big corporations by small companies, and entrepreneurs by employees.

In the fifth chapter of this book, "How technical progress creates and grows wealth," the main objective of this course is to describe the impact of technical progress on wealth creation, wealth growth, employment, inflation, and exterior equilibrium. Specifically, it defines technical progress, determines its nature and causes, and its types. We will explain how technical progress increases the productivity of the labor factor, the capital factor, the corporation, the country, the economic zone, and the continent. We will also describe how it augments the total production of a corporation, country, and continent. Lastly, we will give details of how technical progress creates new goods and services to enrich everybody, each corporation, as well as both country and continent.

In this book, the sixth chapter, "Trust in the workplace leading to the growth of the wealth," shows that the main objective of this work is to provide a new light on the reality of work in order to grow wealth. We are hereby interested in one of its major components that has little been studied until now: trust. Specifically, it explicates the advantages and disadvantages of trust in the workplace, and identifies its impact on wealth growth. It will also question how a manager must create the conditions that encourage and maintain trust in the workplace with the intention of increasing the performance, productivity, production, profitability, added value, profit, and then the wealth of the enterprise, country, continent, and whole world.

The seventh chapter of this book, "How to create and grow the wealth," explains to you the manner of creation and growth of wealth. Its main objective is to demonstrate the impact of the division of labor on the productivity of productions factors, as well as the productivity and total production of corporations. Specifically, it describes how specialization augments the dexterity, skill and productivity of the productions factors. The analysis of Adam Smith tries to prove that the division of labor and specialization increase the productivity of the productions factors, as well as the productivity, global production, profitability, added value, profit of the corporation—which later grow national wealth. Market size is an obstacle to this process. This principle is contrary to the law of pure and perfect competition. There exists a vertical and horizontal division of labor—that’s to say the apportionment of physical work and intellectual work. This division must be made in the corporation, as well as in the nation level and up to the world level.

In this book, the main objective of the eighth chapter, "The comparison and contrast between the classical and Keynesian theories on the wealth growth," is to make a comparison and contrast between the classical and Keynesian economic theories about wealth. Specifically, it will analyze two different approaches such as economic cycles and major problems, which are unemployment, recession, poverty, payments imbalance, and inflation. We will firstly present the classical theory and then secondly the approach of Keynes as a criticism of the classical theory. This analysis will show the comparison and contrast between the classical and Keynesian economic theories in order to identify the convergent and divergent viewpoints. It emphasizes later the advantages and inconvenient of each current. Finally, it will recommend better theories capable of producing the best results for the creation and increase of wealth.

In the ninth chapter of this book, "How Solow’s model explains the growth of wealth," the main objective is to explain the conditions of the balanced growth of economic wealth on the one hand and on the other hand determine the possibilities of the existence, uniqueness, and stability of the balance of wealth. Specifically, the Solow’s model explains the conditions and the moments of the balanced growth of economic wealth according to the neoclassic theory n=s/v. It determines the nature and the causes of the balance—that’s to say the existence, uniqueness, and stability of the equilibrium of wealth.

The tenth chapter of the book, "How investment grows wealth in Domar’s model," will explain the incremental manner of wealth in Domar’s model. Its main objective is to allow the understanding of these mechanisms. Specifically, it will make the distinction between the effect of capacity and income on an investment, as well as the difference between inflationary imbalance and deflationary imbalance along with their impact on wealth. The condition of the balanced growth of wealth, according to Domar, signifies that the capacity effect must be equal to the income effect of an investment. Two types of imbalance result from this theory: inflationary imbalance and deflationary imbalance. Each type has its advantages and disadvantages on wealth.

In this book, the main objective of the eleventh chapter, "How Harrod’s model explains the growth of wealth," is to allow understanding of the real rate of economic wealth growth, the guaranteed growth rate and natural growth rate. Specifically, it studies also the imbalances of short and long periods. The Harrod’s model of the balanced growth of economic wealth studies the conditions of equality between three rates of economic wealth growth. It studies also the imbalances of short and long periods and their impact on the creation and growth of wealth.

In the twelfth chapter of this book, "How investment grows economic wealth in Africa," the most important objective of the study is to give permission for a better understanding of the impact of investment on economic wealth growth in Africa. Specifically, its objectives are: a) to establish the reality, causes, and the nature of the relationship between investment (Ir) and gross domestic product (GDP) growth in Africa; b) To identify the relationship and the direction of the causality to the sense of Granger between the investment (Ir) and economic wealth growth in Africa; c) to examine the impact on economic wealth growth of a qualitative and quantitative shock on the investment (Ir) on the one hand, and on the other hand to analyze the impact on the investment (Ir) of a quantitative shock on economic wealth growth in Africa. It will help Africa and Africans understand how to create and grow wealth for their happiness, well-being, and prosperity, with the aim of avoiding or reducing unemployment, inflation, deforestation, and illegal immigration, and saving thousands of lives on the Mediterranean Sea and Atlantic Ocean.

The thirteenth chapter of this book, "How human capital creates and grows economic wealth in Africa," will help you to understand the mechanism of creation and increase of economic wealth in Africa. Its main objective is to allow a better comprehension of human capital’s impact on economic wealth growth in Africa. Specifically, it’s 1) to determine the existence, causes, and nature of the relationship between human capital (HC) and the gross domestic product (GDP) in Africa; 2) to identify the link and direction of the causality to the sense of Granger between human capital and economic wealth growth; 3) to analyze the impact on economic wealth growth of a qualitative and quantitative shock on human capital on the one hand, and on the other hand analyze the impact on human capital of a quantitative shock on economic wealth growth in Africa. It will help Africa and Africans to understand how to create and grow wealth for their happiness, well-being, and prosperity, with the aim of avoiding or reducing unemployment, inflation, deforestation, and illegal immigration; and saving thousands of lives on the Mediterranean Sea and Atlantic Ocean.

In this book, the main objective of the fourteenth chapter, "From the model ‘AL’ to wealth and wealth growth," is to propose an economic model for creating and growing wealth in developing countries in general and Africa in particular for their social and economic development. Specifically, that the implementation of the AL model will allow understanding how these countries will catch up and surpass developed countries in the long term by processing raw materials on site and through the best optimization of human capital and its intensive use in the production process. It will explain how the use of the AL model can reduce unemployment, inflation, deforestation, illegal immigration, and terrorism.

In the fifteenth chapter of this book, "The Nicola Kaldor model explains how distribution can grow wealth," the main objective of the study is to explain the flexibility of the parameters s, n, and v, as well as the golden rule of capital accumulation, which is a great factor of wealth growth. Specifically, it deepens, criticizes, and brings solutions to the classical and Keynesian theories about economic wealth. Kaldor’s model is a criticism, a deepening and a rewording of the classical and Keynesian economic wealth theories. It demonstrates