https://www.patreon.com/user?u=4749561

Very nice article. Science is but a mode, an aspect of Wisdom. It is an essential mode like food, and yet it is contained entirely within the digestive tract of Wisdom which being a more inclusive form of looking and knowing can lead to paradigm perception which is, defines and enables an encompassing single concept that applies to every aspect of a body of knowledge or area of human endeavor, and resolves the chronic “unresolvable” problems which exist in the current/old paradigm. Let us have a Wisdomics.

wisdomicsblog.com

Looking is how one experiences and discovers things. The more one is willing to look, the more inclusive of areas one looks, the more likely they will discover something that is a more comprehensive understanding and a more generally applicable factor and/or concept.

Lookingness is next to knowingness…and knowingness is essentially godliness.

Let us have an ethic of lookingness, full lookingness, and then let us also have an ethic of Wisdom which is the discernment of truth(s) in apparent opposites and their integration…so that we may have fuller life and survivability, fuller and more continuous knowing.

Steve Hummel 01/09/2018

DT:  I entirely agree with what you say here about Steve Keen. The problem is to motivate those able to bring it about. Steve’s hopeful conclusion about the influence of central bankers at the end of the recent IIPP conference (https://www.youtube.com/watch?v=sUEWLqY9DEQ) seems to be close to my argument for converting the shepherds: the sheep will follow them.

Me:  Keen has cognited on a systemic macro-economic truth, i.e. modern economies do not tend toward equilibrium, and has been trying to craft a theory regarding it. The problem is a theory is not up to resolving what is necessary. Keen talks about Copernican paradigm change, but he’s an iconoclast, a reductionistic mindset. You have to have the correct mindset skills to discover and fully perceive the effects of a new paradigm, i.e. an integrative mindset because a paradigm is a single concept…that fits into, saturates and effects every factor in the area in which it is applied. In other words It’s the definition of a paradox itself in that it is a single concept that describes, defines and effects an entire PATTERN, and of course a new paradigm is a new one of these. Its Agriculture. It’s Helio-Centrism. It’s Direct and Reciprocal Monetary Gifting. It’s Banking/Financial Inclusion Within the Economic Cycle That Terminally Ends at Retail Sale.

The advantage of being consciously aware of a paradigm is that policies aligned with it are incredibly powerful because they all work together within the new pattern, and if you have a policy that is actually the expression of the new paradigm itself it’s an utterly key and powerful one and contains within it a key new discovery that resolves one of the deep and major problems that the old paradigm couldn’t.

Keen often criticizes DSGE because their models do not include money, debt or banks, and he’s absolutely correct in doing so. However, not being aware of what the new monetary paradigm is and taking a macro perspective only because he has written off the micro-economy as a place for insight he misses the aggregative and integrative point in the micro economy that is the point of retail sale. Here is what I posted to him regarding this on his Patreon page:

“For instance, macro-economics is about aggregates. The point of retail sale is the terminal end of the entire micro-foundational economic process and also the aggregative total of all costs and prices for any item or service. Hence it’s an integrative point for both macro and micro economics, and for the pivotal monetary and economic policy of a 50% discount/rebate at the point of retail sale. Unfortunately none of neo-classical, Austrian or heterodox macro economists see this because the first two are deluded by DSGE and thus do not see that the economic system is demand constrained and the heterodox have written off microfoundations altogether as an area for insight. However, simply looking at the point and effect of such a policy enables one to see that a 50% discount/rebate doubles everyone’s purchasing power, completely eliminates any possibility of consumer price inflation and almost magically integrates the Austrian dream of price deflation painlessly and beneficially into profit making systems….and by the way breaks up Finance’s monopolistic paradigm of Debt Only as a kicker. This would stabilize the consumer economy like no other policy suggested by pols or econs on the left and right since forever, and if we made Banking/Finance a retail business model instead of the monstrously dominating money creating one it has been for the last 5000 years…humanity might get somewhere other than the muddle of the paradigm of Debt Only, and the failed and belittling experiment of homo economicus.”

You can read about the new paradigms and policies of same soon in my book Wisdomics-Giftonomics and see some of the thinking behind it on my blog wisdomicsblog.com

DT:  Craig, just because Steve Keen has become justifiably famous for his “Debunking Economics” doesn’t mean he is a mere iconoclast. You have a point about his not having producted an alternative economics paradigm, but he has grasped the more fundamental and Copernican one of not mistaking appearances and lies for truth.

Me:  D,

As I have repeatedly said Keen is brilliant, but you have to have, if even by the luck of the draw or some extraneous early life decision, the right mindset tools to ACTUALLY look at and BE WILLING to see a new paradigm…or even fully recognize the current/old one.

One needs a fundamental curiosity or intention, a willingness to (momentarily) suspend logic, to be comfortable with ambiguity/uncertainty, to prize integration over opinion…and solutions over problems, to build and visualize as opposed to merely pull apart, to recognize that real progress is both transcendence of and yet inclusion of the old, to see that obsessive duality is not ultimate reality, but rather completely integrated duality within an integrative trinity-unity-greater oneness.

And then be willing and able to consolidate all of that mental complexity and mental virtuousness by deciphering a key concept and/or concepts that apply to everything and resolve the old paradigm’s apparently unresolvable problem(s).

So it’s an elegant and yet simple concept/realization.

JK:  “While I do not feel antipathy toward markets in the most general sense, I do feel antipathy toward certain markets in particular: the banking and finance industries, for example, stand out as morally bankrupt institutions that should be essentially legislated out of existence.

Yes, I hate the financial services sector of the economy (we only hate that which we fear) but I view financial markets as grotesque cancers which developed and thrived on top of our economy’s basic market structure and not as the defining essence of what the marketplace overall has to offer us.”

Me:  I completely agree with you about banking and finance, and your moral compass in this area is spot on. Finance has been the problematic business model for the last 5000 years as David Graeber has shown us. The biggest reason for this is that for large assets like homes, autos and speculative leveraged stock purchases private Finance is parasitic, destabilizing, dominating and extremely expensive additional cost that is post retail sale which (retail sale) is the terminal end of the entire ACTUALLY productive/economic system.

We’re fooling ourselves if we do not see that the business model of Finance/Financial Services must therefore become merely another mark up retail type business model. And that is why the new economic paradigm is Integral Inclusion of All Business Models Within the Process That Ends At Retail Sale. Combine this with the new monetary paradigm of Direct and Reciprocal Monetary Gifting and it becomes apparent that Finance as it is now must surrender its money creating power to a national monetary authority with the sole ability to create all new credit and that also has the specific mandated policies that express the new paradigm of Gifting.

Integral Inclusion Within the Economic Process That Ends At Retail Sale

That means Finance, which for large asset purchases and virtually all speculative purposes, must become a retail mark up business model instead of a money creating one. That responsibility must become the central banks’ function and that function must have certain specific mandated policies that define and align with the new monetary/financial paradigm.

Economic regulation must also align with the new monetary/financial paradigm of Direct and Reciprocal Monetary Gifting.

Finally, the new economic ethic/zeitgeist is Beneficial and Benevolent Consideration of the Individual First, and Primarily.

Ya heard it first here!

https://www.patreon.com/user?u=4749561

What Is The Sound of More Money In Everyone’s Hands and Price Deflation?

Answer: A 50% discount at retail sale that is rebated back to the business giving the discount, and aligned ethical and economic regulations guiding every business model before retail sale.

Mind blowing, mind blowing, mind blowing….

DT:  Craig should follow the youtube link above and listen to what Steve Keen has to say on paradigms.

Me:  DT,

I listened to it when it was first posted on Keen’s patreon site. Keen and others are brilliant iconoclasts, but you can’t iconoclast your way to perceiving a new paradigm. In fact you can stand looking directly at it (it being a single concept that creates a whole new pattern) and even suggest policies that reflect it…and still not consciously or completely perceive it, that is perceive the single concept that IS the new paradigm and which all policy and regulation needs to align with.

You have to have certain integrative mindset skills to perceive an entire new pattern/paradigm. Keen is a brilliant theorist and instructor, but paradigm perceivers and creators have generally had conflicts with even the best theorists and their instructors both because their vision is broader and deeper and because they as students have surpassed the instructor.

One of the component parts of a new paradigm is that it is a new cognition. In other words part of a new paradigm is a new personal consciousness insight, a new and enlightening, even rejuvenating personal experience….about the temporal universe and how it works and is progressed. So it is an inward and outward progressive realization…at the same time, but most fundamentally it is a change in personal consciousness, a raising, deepening and broadening of personal consciousness. So if it doesn’t amaze you…you haven’t fully recognized a new paradigm. Also, part of a new paradigm is that it is always a fundamental and in certain ways a completely oppositional inversion…of the old pattern/paradigm…and this adds to the amazingness, the wowness, the OMGness of its realization…and unfortunately the difficultness of its perception.

Now below the personal aspect of a new paradigm it is an intellectual breakthrough. A paradigm change is a new intellectual integration of an entire pattern, and that pattern fits seamlessly within and yet changes virtually every factor of the old paradigm…because it resolves and progresses the key problem, the deepest and broadest problem. That is it’s intellectually  “yuge”.  However, it’s not “yuge”….unless you see how the single concept of the new paradigm changes everything in the old pattern. So it’s an intellectual consciousness experience as well.

And if one says there’s no difference between a personal consciousness insight and an intellectual insight….it’s a dead give away that they’ve never had a deep experience of their own self awareness, their own consciousness. Sorry. “Wherever you go, there you are.”

Contemplate it.