Economicsisregardedasabranchofappliedphysics.*Wealthisdefinedexactquantitativelyaswealthring.Wealthringconsistsofproductionsector,exchangesector,consumptionsector,andenvironmentalsector.Thisisalogicalexpansionoftraditionaleconomicsofsupplyanddemand.Moneyisdefinedasauniversalexchanger.Byextendingtheconservationlawsinphysicstoeconomics,afundamentalexactquantitativetheoremhasbeenfoundtobeobeyedbywealthcreatingactivities.Thisnewwayofeconomicsanalysishassevenquantumframeworksthatareabstractedfromquantumfieldtheory.Theimmediateadvantageistogiveananalyticalwaytoincreasewealthofnation.WehaveusedittounderstandtherapidriseofwealthinChinainthirtyyearsfrom1980to2010.Othernationsandotherentitiescouldusesimilaranalyticalmethodtoincreasetheirwealthrapidly.Theevolutionofhumansocietyisconsideredtoevolvefromhunter-gatherersocietytoagriculturalsociety,fromagriculturalsocietytoindustrialsociety,andnowshouldevolvefromindustrialsocietyintoanecologicalsociety.“PrebioticChemicalevolution→BiologicalEvolution(organismsandecosystem)→Individuallearningandthinking→Humanculturalevolution→EvolutionofeconomiesincludingtheGlobaleconomy”ByMurrayGell-Mann,NobellaureateintheoreticalPhysics,1969.
