From the Blog:  Based on my analysis of Polanyi’s methodology, I have come to the conclusion that a radical economics textbook for the twenty first century can be based on a single CORE principle, which REVERSES conventional methodology. Conventional methodology, both heterodox and orthodox, considers economic theories to be a means to understanding economic events. INSTEAD, we should look at how theories emerged as people searched for explanations for emergent historical events.

My response:  How about the raised/actualized consciousness historical perspective? Over 2000 years ago the concept/experience of Grace evolved the Judaic legalism/formalism of its time. (Grace here is most basically consciousness/cognition itself…no matter who one cares to attribute its origin from, either God or one’s conscious Self.) Reflectively the concept of Grace as in the free monetary Gift integrated into the debt based monetary system is the only valid way to approach equilibrium in an economy inherently in a state of disequilibrium of total individual incomes and total costs and so prices, and increasingly so as the disruptive forces of innovation  and artificial intelligence pick up speed and further erode aggregate individual demand. As such, Economists are like Paul on the road to Damascus….and only one cognition away from economic transformation and redemption from otherwise inevitable collapse and likely a rhyming war in an era of modern weaponry.