Economists think too much in mere economic terms. This is actually the fragmented state of modern intellectualism as a “whole”. They think merely in terms of humans as homo economicus instead of actual whole beings. Hence their narrow definition of purpose is restricted to employment and they confuse leisure with idleness, when leisure is self determined attentive activity which is the essence of edifying purpose itself. Any economics that misses or impedes this realization is by definition humanly regressive.

What we require is not economics, but a Wisdomics which would integrate economic theorizing with the long observed insights in “perennial philosophy” and that would have policies that aligned with same.