Current orthodox theorists, which include both DSGE and Disequilibrium/New Keynesian perspectives, are right about what they are right about and wrong regarding what they are wrong regarding. It actually is that simple. It is an indication of how fragmented economic theory and modernity’s whole mindset has become that this is not generally understood. What is needed is a thoroughgoing integration of theory which leads to a more comprehensive, deeper and higher understanding of both the actual workings of the economy/productive system…and its purposes which are most basically to create abundance to consume and economic freedom, for everyone, albeit perhaps unequally . This of course first requires a philosophy more comprehensive and ethical than mere profit, which in and of itself is not a problem, but as a final goal is so paltry it is astonishing that economists do not seem to recognize it as so.

As Wisdom is the integrative process itself the above becomes obvious, and the only actual questions needed to be asked are what is the highest reality of Wisdom and what exactly are policies that align with and perfectly reflect that highest reality. I would suggest using the very words which are the stated goals of economic theory itself, namely equilibrium, balance and flow.

Economic Equilibrium is best characterized by  continual present time adding and subtracting so as to maintain a stasis/equilibrium, like for instance in the consumer financial paradigm, a universal and variable individual dividend and an equally general and variable discount to prices.

Economic Balance is best characterized by a duality of opposition so as to insure competition, like for instance a national credit office which would balance not only the credit creating power of the current endogenous private financial monopoly, but also ought to be mandated to balance its bias of loan ONLY with a balancing consumer financial paradigm of Gifting to the individual.

Flow is best characterized by a river as all of its loosely interconnected elements move dynamically together and beautifully like a dancer that gracefully moves around the dance floor with virtually perfect….equilibrium, balance and flow.

And there you have it, the basis for the highest philosophical/conceptual alignment and integration possible (Grace) for the temporal system of economics. Now all we have to do is garner the ethical will to act to implement such policies. Yes, after you see it…it actually is that simple.