Provide a guaranteed middle class level of income and macro stability with universal dividend and retail product discount policies…and most of the zenophobia or multicultural complaint will crawl back under its rock or otherwise disperse.

…that for all practical purposes it enables us to transcend the obsessive preoccupation with monetary accounting. In other words we can place as much money into the hands of the consumer with the universal dividend and additional purchasing power with the discount as we desire and/or is ecologically sensitive and never have to worry about erosive inflation….because the seeming impossible, price deflation, has been intelligently and beneficially integrated into profit making systems for both the consumer and enterprise throughout the entire economic/productive process.

That’s why everyone can ask whether economics can be a science when the scientific discovery economists need to awaken to is that economics needs a new philosophy that aligns with a new paradigm….in order for it to become more scientific. And we could struggle with that realization for a hundred years because there are sciences, like physics for instance, which for over a century has stubbornly defended and utilized only the tools of science when in fact they are actually in the business of describing the much bigger and more enlightening thing, namely….a philosophy.

Beyond even philosophy, what economics and every other human system and body of knowledge needs is to realize that Wisdom (not religion) is the superior human mental discipline…..not science. Science, like food, is wonderful and absolutely necessary…and it resides entirely within the digestive tract of Wisdom.

Science is, or for the most part has become, a reductionistic process of the discovery of temporal truths and falseness only. Wisdom is the unifying and wholistic process of integrating only truths toward a greater mental thirdness-oneness which always lights a way toward better application of that thirdness-oneness in the temporal universe….which is the very thing economists/scientists are seeking. Puzzling then, that they rarely get around to utilizing it.  But then, science has unfortunately become the modern religion, and scientists and economists are generally cowed by that fact.

The signature of scientific breakthrough has always been the integration of the scientific method with an aspect or aspects of consciousness itself.  Disciplined consciousness/self awareness being the  tool of Wisdom.

Economics cries out for the perception needed for a new philosophy and a new paradigm. Integrating the scientific method with the mental discipline of Wisdom is the way home to such perception.

He that troubleth his own house shall inherit the wind: and the fool shall be servant to the wise of heart.

You’re right we need an entire new theory and understanding of how to address pricing.

The economy being utterly embedded in the temporal universe must reflect its process of starting, changing and stopping if it is to attain and maintain a continuous flow.

DSGE is flawed in that it assumes general equilibrium when the reality of modern economies’ most basic problem is a scarcity ratio of total individual incomes to total costs/prices. Merely equating that ratio does not resolve the problem because it only statistically/momentarily creates an equilibrium and so violates the process/free flowingness nature of the temporal universe.

What is required is to take adult, responsible and ethical control of the pricing system so that the scarcity ratio above….is inverted….so that the continuous reality is what I call “the higher disequilibrium” of total individual incomes exceeding total costs/prices. This will enable the economy to attain and maintain free flowingness and hence align with the nature of the temporal universe.

For the most part we have forgotten Wisdom and its mental process, the integration of the truths, workabilities, applicabilities and the highest ethical considerations in what appear to be opposing perspectives/policies, and the political, psychological and cultural fragmentation we see looming up around us is evidence of this. The false and obsessive dualities of capitalism and socialism must be integrated to the point of thirdness-greater wholeness….or we’re going to have real trouble eventually.

Not Only No Inflation, But Beneficial Price Deflation Even Within Profit Making Systems…And Even After The Problematic Levels of Debt Are Gone

A Relatively Abundant Level of Guaranteed Money In Everyone’s Hands Every Month Not Only Without Shame or Blame, But With Acclamation

…and the cost inflationary nature of modern economies is not the result of increasing marginal costs.  The scarcity of individual income and costs arises out of the fact that money that “re-circulates”…”re-circulates” as business revenue and then is reduced, as all revenue is, against expenses. This costing/pricing/expensing  system integral and inherent to all commerce and essential in assessing profitability or lack thereof is the missing fact economists are looking for in their search for why the economy is not stable and does not tend toward equilibrium.  It is also the impetus for the only way that the economy presently can avoid forthrightly descending into recession and then depression, namely borrow more money. But that of course incurs costs even at 0% interest which consequently does not resolve the inherent scarcity of individual incomes.

Breaking up the monopoly monetary/financial paradigms of Debt and Loan Only with the new primary paradigm of Direct and Reciprocal Monetary Gifting is essential for avoiding these otherwise inevitable cost inflationary effects of the economy and accomplishing the actual solution for it.

The point and time of “retail product sale” is completely analogous to the “magical” point of nowness-newness-consciousness referred to as the self aware present moment in consciousness raising….because “Retail Product Sale” is exactly the when, where and the salient point and purpose of the economic process….the same as the the present moment is exactly when, where and what one meets…when they become much more fully conscious, that is, that they are a conscious BEING who has the transformational ability to create and self actualize their own reality and direct the purposes of their life.

Wisdom is the ability to discern the underlying truths and/or relevant insights that cut through all of the complexities of any subject under discussion/analysis. Wisdom always shows the way forward and the way home to solutions, not palliatives, irrelevancies, distractions and/or panderings to power. This is why Wisdom is so far above and so preferable to mere intellect, and why the powerful fear and/or disdain wisdom.