Wisdom is the best state of mind or systemic state. The Process of Wisdom is integration. The definition of an integration is the inclusion and combination of only the relevant particles of truth, workability and applicability in what appear to be opposing ideas, philosophies and policies.
Economics, probably more so than any other discipline and system, is plagued by the unwillingness or apparent reluctance of its intellectuals to integrate. As the economic state of any society continuously impacts the mental, emotional and physical well being of its citizens, stressful economic times are probably the most disruptive situation for a nation. One would think this would make economists and policy makers more willing to find integrative solutions to the economy’s problems.
Let us bring Integration and so Wisdom to Economics.