We need to concentrate less on changing the minds of the DSGE economists (and even many of the heterodox) and more on a grass roots marketing strategy to small to medium sized enterprises and the individual that makes them aware of their own self interests. This kind of mental jujitsu is more efficient, and selling the self interested need is the first rule of marketing anyway.

More money directly and costlessly gifted into the hands of the individual and reciprocally gifted first to the consumer in the form of a discount to retail prices and then back to the merchant who gifted it to the consumer are the monetary and economic policies that makes an alliance between the individual and the small to medium sized business a natural one. Once the freeing effects of that are recognized by both of those large constituencies 99% of the politicians will fall in line to support it and the DSGE et all will become irrelevant.

Paradigms are generally accepted ideas, ideas change people’s reality instantaneously and so new paradigms change literally everything and even do so without the need to make wholesale structural changes.

This is The New Powell Memo I have been pushing for the last 10 years and that the online magazine Evonomics has said is necessary.

wisdomicsblog.com

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Here’s how you get the real deal on what is the best path forward in any area of human activity. You consult the world’s major Wisdom traditions. Forget about any pre-scientific dogmas attending them and mine them for their proverbial integrations of thinking and acting. Wisdom after all is the very process of the integration of the best possible thinking and acting/philosophy and policy under any given circumstance contemplated and observed by the sages of yore…..and all too often forgotten, neglected, missed, misinterpreted or invalidated by an increasingly distracted and addled modern world beset by its own dogmas hiding in plain sight and hence resistant to the significant change that an actual integration always is. Wisdom isn’t Wisdom unless its an integration of the particles of truth in two or more apparently opposing sides of an issue/argument. Wisdom is the best possible integration of ONLY those truths, and is also the best possible integration of idealism and pragmatism, ethics and action. Hence Wisdom by definition cannot be either irrelevant or merely reactionary. Contemplate Wisdom and its pinnacle concepts…..and you can’t go wrong.

striped-pad:  Aren’t you begging the question there, stating that a synthesis of the world’s major wisdom traditions leads to the best path forward?

Me:  If you truly understand what Wisdom is (the integration of only truths, workabilities and applicabilities from opposing dualities) and what the pinnacle concept and result of Wisdom’s integrations is (a third more unified state of mind/systemic condition characterized by balance, equilibrium and flow…..you realize its not begging anything but one to honestly look at it and embrace it…..because it’s Wisdom….and why embrace anything less than that when we’re thinking about a serious topic….unless of course one wants to be humorous which is fine….and actually a recognized and important aspect of the pinnacle of Wisdom itself.