The West actually has its analogously wise and yet ignored economist C. H. Douglas whose too little known quote “Systems were made for Man, not Man for systems” reflects Hag’s thinking, expresses the philosophical spirit of his theory of Social Credit and which is also the basis for my philosophical and policy extension of Douglas’ theory I have called Wisdomics-Gracenomics.
Douglas’ genius was his knowledge of the subset of double entry bookkeeping known as cost accounting, its convention that all costs must go into price and consequently of the extremely important macro-economic insight derivable from applying calculus to the datums found there, namely that the economy is in a continual state of disequilibrium.
This is in fact the missing reflective micro-foundational insight that DSGE never found and that macro-economic disequilibrium theory is still missing. And again, my Wisdomics-Gracenomics builds on this by applying certain cutting edge physics insights, fleshing out of the core underlying philosophical concept upon which both classical and modern economics is based and the logical alignment of policy to it in the digital monetary and pricing systems so as to saturate modern economies with the new monetary paradigm of Direct and Reciprocal Monetary Gifting.
As Wisdom and true progress have always been the thorough integration of seeming opposites integrating the insights of Haq and Douglas and the policy application of Wisdomics-Gracenomics would appear to be in order.