Teconomics: Teconmics, the Microeconomic Analysis.

TECONOMICS Dr. Bahman Fakhraie in this book, "Teconomics: the microeconomic analysis" defines Teconomics. Teconomics is the scientific Synthesis of microeconomics, mathematics, statistical methodologies, econometrics, technological parameters, and injections in economic production theory, in the positive and new millennial political economic paradigm. The western intellectual dualism and historic separations of theological dogma and scientific methodology are detailed. The scholarly research follows the ancestry and innovational path of key basic elements of knowledge, which have had to travel to get to millennial modernity. In order for economics and human history to rebuilt, and fortify scientific foundational-pillars for the sustainability and forward looking millennial economics ventures and human progress. SYNOPTIC ABSTRACT This study advances the constructive implication that technological injections of dynamic variables in production and microeconomic theory contribute to the societal benefits. This follows author’s previous three-works and studies since 1975, including his dissertation. The endogenous natures of technological advancement in production theory of microeconomics are advanced. United States economy data 1950-80, it will measure the specific inputs and for the impacts of comparative data on the overall production. The thesis states that the dynamic influences of technology and elemental factors of production --defined and measured in this study-- are greater than commonly have been calculated or expected, and the production optimization processes must meet necessary, sufficient, and sustainability conditions, in this study. Outside the academic world there will be a realization beyond the use of buzzword like “technology” that the fields of statistical economic analysis has evolved into econometrics, and the newly advances in the technological studies, econometrics, economic production theory, and economic welfare theory have evolved into the new innovational field of teconometrics. However, knowledge beyond the biological, organizational, and institutional capabilities cannot be hurried. A better path will contain these new production factors and it will meet three fundamental conditions. Lemma 1, is it necessary? Lemma 2, is it sufficient? Lemma 3, is it sustainable? This is the first prominent study in complex optimization formulation in welfare economic that advances the economic science toward sustainability condition.