The Theory and Economics of MARS and MOON Colonization: Steps and Policy Advocacy

World-renowned astrophysicist Stephen Hawking has said that humanity will face a choice
between space colonization and extinction. NASA wants to put a human on an asteroid by
2025 and on Mars by 2030. Scientific discoveries solve global economic and interplanetary
economic problems. Economics and Science are two important drivers for mankind welfare.
The economic driver of man would pursue extraterrestrial life. New Economics deal the
economic driver of industrialization of moon and colonization of mars. The present study focuses on
the theory, economics, steps and possibilities of colonization of mars and moon in specific and
other planets in general. The study is based on frame work of vision and the meta- analysis of
history of intellectual Economics and inter planetary explorative space research. The study
analyzes historical planetary space research evidences, insights and rationales on colonization of
Mars, Moon and other planets and life possibilities and steps to achieve. It also analyzes the
theory and New Economics that bridges economics opportunities and Inter planetary space
colonization which is imperative for extraterrestrial life and prosperity. The study uses meta-analysis
of inter planetary research which has done by NASA, Japan, UK, Germany, Russia, India,
Netherlands and other countries. The study found that surface conditions and the presence of
water on Mars make it the most hospitable of life. New studies suggest that Moon more hospitable to
life. It was reported that some lichen and cyanobacteria survived. Mars's north and south poles
are attracted great interest as settlement sites. The ultimate viability of all this really comes down
to economics. In theory, the resources floating up in space be the economic fuel necessary to take
us to the stars. The Law of abundance may bring down the price of such commodities (including
energy). Mars–Earth trade may provide an economic rationale for continued settlement of the planet.
This is possible because of breakthroughs happened in space and rocket science. The path to a
human colony could be prepared by robotic systems. These systems locate resources, such as
ground water or ice that would help a colony grow and thrive. Mars colonization is advocated
by several non-governmental groups for a range of reasons and with varied proposals. One of the
oldest groups is the Mars Society who promote a NASA program to accomplish human exploration of
Mars.