Dave,

“May first frame my response by pointing out to Craig that a paradigm is an example (if you like a theory embedded in a particular practice), and what happened to Ptolemy’s cosmology was its replacement by a more realistic fundamental theory. That assumed the perfect circles of geometry, which Newton effectively transformed into “rubber” topology, allowing for not only balloon-like inflation of boundaries but for their deformation by outside and internal forces.”

Of course a paradigm is a theory. It must be, as it is also an entire pattern, and a new paradigm is a new theory/pattern that fits seamlessly into all of the valid insights and workabilities of the present pattern. What you’re not including is that a paradigm old or new is also a SINGLE concept whose aspects and applications define a present pattern and in a new paradigm effect an entirely new pattern.

The problem with paradigms are most basically twofold. 1) Unconsciousness of the present one’s singular concept and 2) what is the new paradigm derived from discerning both the valid insights and the delusions of the present one as hints about what the new paradigm concept and its applications might be.

Given that the three major reform ideas “out there” are Minsky’s FINANCIAL instability, Hudson’s financial parasitism and Mosler’s Modern MONETARY Theory it very strongly suggests that the problem ACTUALLY IS in the present monetary and financial paradigm.

Another less discussed problem we are presently facing is habituation to the current paradigm for inquiry, namely Science Only, which inhibits what is most important in any search for the truth, namely discernment, which is just another word for wisdom…and which integrates science wholly within its method and mindset. Wisdom is BOTH ontology/understanding AND science.

So rather than continually examining the entrails of the current monetary and economic paradigm a Wisdomics-Monetary Grace as in Gifting-Gracenomics appears to hit all of the relevant marks.