[ (excess costs x abundantly free individual income)  <–> grace as in alignment with the naturally cosmic state of process/free flowingness ]

This is the new monetary and economic paradigm…and the economic dance of Shiva.

FS:  Surely, the problem is that economists WILL NOT apply the scientific method to their work. Without this, all the rubbish remains circulating forever. The mountains of rubbish continue to grow and even worse at an ever increasing rate.

As the author of the only paper which solves physically valid differential equations over time, (I know of no others) I would be happy to come on board any attempts to arrange a meeting of minds. I am not sure that another book per se is indicated. What is needed is a change of mind set, which is always difficult!

Me:  Precisely. A new paradigm being simultaneously a single unifying and defining concept that creates an entire new temporal pattern that also becomes a part of virtually everyone’s mindset. Studying new paradigms/paradigm changes is an exceedingly informative and enlightening activity. Here are a few of their signatures to look for:

Conceptual opposition to the old/current paradigm

Beneficial inversion/transformation of a current major problematic duality or ratio

Unmistakable and unimpeachable progress and hence un-reversable progress, that is everything adapts to a new paradigm….not the other way around

Invention of a new tool/process and/or perspective, or the re-discovery of old ones that enlighten new ways to see, understand and resolve problems

Greatly increased abundance within the area of the paradigm change

Brings to an end the dominance of the dominant structural entity of the old paradigm

And, always the case, new paradigms are considered logically absurd and impossibly wrong by most…right up to the time they are embraced as the new great truth.

They are par excellence integrative in all ways which means that paradigms that have persisted for a very long time have integrated themselves into many aspects of human existence often keeping their now problematic effects in stimulation/suspension…so that when such a paradigm change does take effect it has positive, constructive and permanent effects overlapping into areas other than the specific body of knowledge/area of human endeavor the paradigm change takes place in. The last time such a paradigm change took place was the one from hunting and gathering to agriculture and IMO the new monetary and economic paradigm is one such change.

I’ll also add here: I am four square for science in every way….except where and when it becomes the onlyness of an orthodoxy. Wisdom is integration and its pinnacle natural concept, grace, is continual dynamic interactive integrating.

…are actually problems that cannot actually be resolved within the current financial paradigm of Debt/Burden/Cost Only simply because those problems inherently arise out of that paradigm and so the paradigm itself is what must be examined and transcended.  New paradigms are intrinsic “things” by nature and are always marked by their elegance, effectiveness and simplicity and this time is no different.

Macro-economics will never solve the problems it has correctly identified because they aren’t looking in the right places to solve them (the actual points of exchange in commerce) and with the integrative tool that is 1) the very infrastructure upon which commerce sits and is embedded within and 2) gives them the insights necessary to craft policies whose temporal expression are the very solutions they seek (double entry bookkeeping).

When such policies resolve the macro-economic paradox of thrift, cut the seeming Gordian Knot of “monetary” inflation and even resolve the fallacy of composition in economics via policies that create the integrative directness and oneness aspect of the natural philosophical concept of grace….you know you’re onto something.

Integration of the truths in opposing perspectives, not merely reaction against them, has always been the way to thirdness greater oneness/wisdom. So it also is (thirdness greater oneness) with the integrative natural philosophical concept of grace and the historically decipherable fact that an aspect or aspects of that concept has always been the operant factor in every paradigm change.

As important as it is to temporally confront the outness of domination it’s equally if not more important to cultivate the integrative mental ethic to actually progress. After all the Hegelian dialectic is: [ (thesis x antithesis) <–> synthesis ]

Asad,

You are right about economic theory needing a meta level solution. I submit to you that what I refer to as the cosmic code of wisdom [( A x Z) <–> C ] described as the dynamic integration of a duality and/or conceptual opposites within an equally dynamic integrative thirdness greater oneness process…is the very method you refer to and that economics needs. This equation/method is coincidentally also the very process of wisdom itself which is the discernment of truths, workabilities, applicabilities and highest ethical considerations of opposing perspectives/situations….and also the definition of wisdom’s pinnacle concept of grace as in the dynamic interactive flow of several and/or opposing factors.

Couple this with the fact that an aspect or aspects of the natural philosophical concept of grace have always been the operant factors in every paradigm change in human history…and you’re talking a set of very high level meta coincidences.

Egmont is right, about Keynesianism and all of present macro-economics actually. Why? Because macro actually doesn’t consider the individual DIRECTLY. It’s a bunch of aggregate statistics derived from thrice removed mathematics trying to discover a solution to a problem that is not forthcoming…because they’re not thinking paradigmatic-ally nor are they looking in the right place to discover that the rate of flow of total costs and so total prices inherently exceeds the rate of flow of total available INDIVIDUAL incomes….and because exactly like the church before the Reformation a monopoly entity dominated INDIVIDUALS’ access to grace via their sacraments ONLY…except now its Finance’s monopoly paradigm of Debt/Burden/Cost ONLY denying the individual’s DIRECT and resolving access to monetary grace as in gifting and commercial agent’s being reciprocally denied the same.

Directness and immediacy of effect are aspects of the natural philosophical concept of grace and an aspect or aspects of grace have been the operant factors behind every paradigm change in human history.

Economists need to “up their game” of statistical, abstract and scientific analyses by integrating them into the conscious understanding of paradigm perception and its underlying and resolving concept.

When an animal comes upon something edible does it hesitate to partake of it? Of course not, and humans although being discerning and capable animals should not be forced into considerations about same. We have long ago been capable, especially in modern economies, to provide a satisfactory lifestyle for everyone, and to do so while enterprise also makes a fair and very lucrative profit for their efforts. As it is the heritage of all life to live in the abundant environment of the earth, so past technological and productive process is the cultural heritage of mankind, and finding ways to not only increase everyone’s share of that, but to make the profitable operation of enterprise less onerous should be both a reasonable and ethically humane goal. This is what a dispensation of love and its active form grace can easily accomplish given that heritage and its further ability to create abundance.

The “curse of Adam” was perhaps an honest evaluation of productive capability 6000 years ago, but not now and even less in the future. Mankind and economists must update their philosophy/thinking and policies/actions to recognize this both as the new ethic…and the way to resolve the economy’s instabilities and eventual complete non-functioning.

…for both the current monetary paradigm of Debt/Burden/Cost Only and private money creation at all….is that it’s over….and the former must give way to a new primary paradigm of Direct and Reciprocal Monetary Grace as in Gifting and the latter must either utterly and unequivocally embrace that new paradigm….or be resigned to the dust bin of history.

And I’m leaning very, very heavily toward the latter.

And this is no unequivacal endorsement of publicly administered money creation either because they must embrace the new paradigm in all of its policy aspects as well…in order to keep from succumbing to the temptations of power and profit inherent in any such money creating power. Aside from the necessity to implement the philosophically aligned policies of the new paradigm it’s really simply the pragmatic understanding that it is easier to control and get a single lean and hungry cat to cooperate with an unimpeachable ethic, than attempt to get a herd of fat and exquisitely spoiled ones to do the same.

We have a stellar abundance of good theoretical critique of the current monetary and economic paradigm…and a paltry understanding if not complete lack of knowledge about how to implement the very correct things such theorizing says would make the economy be more stable, more flowing and more prosperous for every agent in the economy.

And accomplishing that implementation is what Integrative Wisdomics/Gracenomics does because integrating wisdom and its pinnacle and ethically relevant concept of grace as in universally benevolent gifting enables all agents to better benefit. Its policies are therefore offers that no agent can rationally refuse…unless they are beholden to forces that have an interest in maintaining less than gracious motives.

There is nothing in Integrative Wisdomics/Gracenomics that inhibits profit, competition innovation or freedom. In fact it actually creates freedom and free flowingness where monetary and economic contradiction, financial domination and thus chaos parading itself as freedom, formerly existed.