ABSTRACT
A socio-economic system will be viewed as a dynamical system which assigns to each family or consumer unit various quantities of economic goods, factors of production, and family size depending upon last periods quantities. Since the populated world is a cylinder, prosperity eventually returns to any former location with the establishment of a new social system and a consequent decay. Strictly interpreted, the theory says that the socio-economic system is cyclic, at least in some of its components. Less strictly interpreted, the socio-economic system is recurrent. For application to a socio-economic system, one must verify the continuity properties. Important institutions enforcing the Protestant ethic are compulsory education, social security and medicare, and laws whereby debts apply only to the physical estate and not to the raw labor and human capital of descendents.
