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The Third Resource: A Universal Ideologyof Economics:excerpts from the book by Dr. I.S.Tuba.

Philosophical and Ideological Considerations. Introduction.

In the late 1940's and early 1950's as a youth in his native Hungary, then a Soviet communist-controlled country, Dr. Tuba was subjected to significant indoctrination in their economic ideology. This took place not only in school but also at home as his father was an underground leader of the Social Democratic Party of Hungary, which maintained dangerous ties to the British Labor movements. Central to the theme of the socialistic and cummunisitic ideologies is the concept that most of the wealth is generated by industrial and farm labor and that power, therefore, must be in the hands of the proletariat. From his father he was bombarded with the notion that humans are users of wealth generated by society, but not all humans are generators of that wealth. Thus the generators should be the natural choice for determining how the wealth should be used.These exposures made a significant impact on young Istvan Tuba, but failed to convert him to communism or socialism. On the contrary, they acted as eye openers and starting point for seeking the absolute truth without any attached labels. While there was a certain degree of attractiveness to these premises, he began to sense there were missing elements, which he summarized in a few questions: What is wealth? What should be society's goal? What resources are available to achieve the goal? What are realistic limits and constraints? What are the best mechanisms to achieve the goal? What are the roles of the different segments of society in the wealth generation process?

Putting aside all previous definitions and labels, significant understanding was developed just by trying to answer some of these questions. For example, the "wealth" of a society can be defined to mean whatever controls the levels of SOL (standard of living) and QOL(quality of life) in an indefinitely sustainable SSE(safe and secure environment). The "goal" of society should be to continually increase the "wealth" of society by using all its available resources and continually creating new resources.

In 1955 in Budapest, Hungary, Dr. Tuba defined a "Third Resouce" as "Human-Generated Resource." This is in addition to the commonly accepted two, i.e. Natural Resource and Human Resource. Therefore the "available resources" can be listed under three major categories: 1. Natural Resources: Sun, earth, land ,soil, water, air, plants, animals, and minerals. 2.Human Resources: People--- there are six principal subdivisions:a) Ability to work. b) Talent to create. c) Intelligence to decide and make wise selections from possible choices and alternatives.d) Desire or will to work and be creative and innovative. e) Ability to learn. f) Ability amd willingness to communicate and share. 3. Human Generated Resources: There are two principal subdivisions: a) Technology---know-how, information, knowledge, techniques and tools and new materials. b) Strategic Capital(money)--- as a strategic planning tool and as a measure of generated, but uncomsumed, wealth passed on from generation to generation.

The addition of technology and strategic capital as wealth generating resources affects both prevailing economic ideologies, communistic and capitalistic. The communists, of course, were quite clear in their definition of the role of capital."Capital is the tool of the employer to exploit the workers and a tool of the capitalisitic countries of the world to exploit the rest of the world." In the capitalistic system, capital( particularly in the form of money) is the principal motivator of the economy. The validity of this premise has already been challenged from within( i.e. Dr. Robert Solow, MIT, recipient of the Nobel Prize in economics). The disparities in the two economic ideologies and the associated political ideologies were the source of world unrest for decades. A process of change in both ideologies can enhance world peace and prosperity.

Today, in the post-Cold War era and with growing globalization of the economy, it is essential that a new concept of economic ideology, A Universal Ideology of Economics, be recognized and applied in the world population. This is an idea whose time has arrived. It can be successful if expedited action is taken with much vigor.