His Majesty has firstly introduced the Sufficiency Economy Theory after handed out academic certificates to Kasetsart University students on July 19,1974. His statement on that day was as follows: \\\'Priorities are necessary for country\\\'s development starting from constructing a foundation, which means when people can adequately live their lives in a careful and economize but theoretically educated ways. When the foundation is secure enough then a higher unity could be orderly built. The reason why growth should be promoted gradually, carefully and economically is to prevent improper results so that a full accomplishment is obtained.