Foundationless Economy and Prosperity

The world today is facing political, institutional and economic uncertainties. National economies are currently facing the risk of recession, although national governments are trying to keep the economy moving forward but it seems hopeless. The truth is, when we review the global economic recessions, we all discover that: it is the excessive increase in real demand, or what we commonly call the bubble phenomenon, that is the source of creation “fake” growth, development without a solid “foundation” leading to collapse, recession, and even crisis. It is the recession or crisis that is caused by unsustainable economic growth that erodes the values of welfare and happiness for people in each country and the global population. With comprehensive research, this monograph helps readers reconsider problems and helps state administrators reconsider policies. The core is how to develop a sustainable, stable economy and create the best welfare values for the people.