Theory of Economic Equivalence in Iranian School of Economic Thought

Theory of Economic Equivalence in Iranian School of Economic Thought

Certain amount of resources will produce certain amount of products.

First explanation: With one kilo of cotton, you cannot produce one ton of fabric.

Second explanation: Iranian Researchers and scientists are capable of making power out of soil.

Science is beyond science. Based on economic equivalence principle, there might be a contradiction in the post-industry era with no boundaries between reality and imagination

Production with stem cells, nano technology and artificial intelligence will gradually remove humans from the production scenes and fundamental definition of economics in post-industry world will be disregarded and theories that have had essential and indispensable relations in the international economy will fade away.