Political Economic activity sustains a Quality of life to the same degree that its public capital is maintained.
The Quality of life is a measure of the happiness of society.
In terms of the topic of Quality and the category of Political Economy, this logic turns to an analysis of the economic problems facing the globe as they are addressed through the group efforts and affiliations of politics. The hopeful benefits of technology realized now in the knowledge of the information age and yet to be with an understanding of cold fusion, have their own set of risks and opportunity from change and economic disruption. In particular, knowledge of the effective delineation of public and private access to resources and of common and club consumption of real goods produced, giving rise thereby to an efficient mechanism for the generation, accumulation, and retention of financial capital, obscures an understanding of the transactional nature of monetary valuation; that a fundamental dichotomy exists between the valuation of resources and produced goods stored as real capital and the valuation of financial stores as accounts used in part at least as transactional flows for final consumption of the same real resources and goods and their related services.
This means that the real stored value is temporary and in the constant process of depletion, while the flow values that are maintained for circulation leave an undefined value of financial stores not in circulation and/or held for future final redemption. As a result, absent growth and waste for a given period of depletion, the full value of all goods, both for intermediate production and final consumption, must be replenished, all of which must come from human effort across the spectrum of all skill sets, from manual labor to intellectual capital; in other words the value of all real capital is human, while the financial capital is imaginary, subjective, valued by whatever the accounting system requires for monetary valued financial instruments. In light of a such analysis as a guide to policy as outlined herein, an optimization factor at equilibrium can be determined as a ratio of the valuation of production over consumption goods in a market economy. Therefore, we will try to . . .
Understand that the Quality of private experience requires the wisdom of public affiliation, coordination of effort, and outlays of capital, both real and financial.
What is Quality?
As used here, Quality is an awareness of the limitations of observation within an environmental boundary and of the scope of activity in response to that observation according to the understanding of the participant observer. The measure of that quality is the degree of inclusiveness in understanding and in skill of operating within that boundary, of exhibiting wisdom with respect to that environment.