‘Binary’ Entrepreneurs, ‘Digital’ Macroeconomics and the ‘Virtual World’

Abstract

This paper examines fundamental concepts of entrepreneurship and macroeconomics in the age the virtual world as digital socio-economics takes center stage.  A model is developed and advanced. It argues that the virtual world system equilibrium will require certain physical and virtual conditions to obtain the ideal socio-economic system parameters.  Furthermore, it alludes that e-resources, human capital, e-material and e-financial resources gained by prudence, is the exact extent to which the entire ecosystem can will expand without crisis, disruptions and breakdowns.  This virtual world in which humans will soon populate will be predesigned with built-in macroeconomic shock-absorbing sub-systems to ensure prosperity.

Keywords: ICT Economics, Entrepreneurship, Virtual World

JEL Classification: 03

DOI: 10.7176/IKM/12-5-02

Publication date:September 30^th 2022