Love moves you toward everything in Life, Joy makes everything a pleasure and Flow keeps Love and Joy going and re-starting.

Steve Hummel 12/09/2016

If what is required in economics is a new philosophy, then perhaps asking a philosopher/ethicist who also has an understanding of economics and economic theory is probably the first and best logical step in solving our current economic problems. And if you can find one that also has a good knowledge of the world’s wisdom traditions that would be an even better individual to consult.  If the fundamental direction of capitalism is up as Minsky said, the trinitarian integration of economics, philosophy/ethics and wisdom would be a reflectively ascendant affirmation of that truth regarding profit making economic systems.

Steve Hummel 12/08/2016

And so an integrative intellectual wholeness and oneness of truths and workabilities is precisely what is called for. And it is essential that we differentiate between integration and compromise. A compromise is the insertion of untruths and lesser workabilities and/or unworkabilities in an apparent integration that actually stops or slows actual change and generally caves to dominating present interests. Thus it is neither wisdom nor good science.

Excellent analysis from all. Economic theory not only needs re-working it requires a new philosophy around which policy can be crafted. The pace of change is now becoming the major factor in change itself, and we are still stuck in the “economic theory progresses one funeral at a time” pace. At the same time change needs to be grounded in pragmatism. Hence in order to get ahead of the curve instead of behind it we require a new philosophy which simultaneously integrates rapid, decisive, actual and ethical change with what works best for all given the real world circumstances. As wisdom is the process of integration itself and also the best integration of the pragmatic and the ideal I suggest that what we actually require is a Wisdomics, a new philosophy of economics actually mirroring the pinnacle concepts of Wisdom themselves. That would be actual wisdom, not bias parading itself as change but an actual integration of only truths and workabilities from apparently opposing ideologies. A science of wisdom that is.

And again the pace quickens toward an unhappy and not peaceful convergence of crises so a Wisdomics, a science of wisdom in all spheres of human activity, most urgently and importantly in economic theory, is strongly advised.

Me:  All that you say about neo-liberal macro is true. In addition economists, who could get their degrees without taking so much as an elementary course in accounting, have also lost track of total actual costs accumulating moment to moment and their increasing ratio to total individual incomes. Hence we see fixed capital assets and their depreciation costs accumulating for literally centuries while the easiest mark for increasing profits, labor costs, have steadily been raided. Now we have robotics and AI becoming increasingly disruptive economic forces that will reduce labor costs/aggregate individual demand especially for the mass of employees probably 30 times faster than it ever has before. And that is why monetary gifting must be integrated into our current monetary paradigm of Debt ONLY, for the individual and reciprocal price gifting to the consumer and then back to the merchant who gave the discount so that the productivity of innovation and AI is not diverted to the monopolistic business model of private finance.

DT:  Craig, I admire your summary of how much worse our problems are being made by robotics and AI, much as happened when steam powered factories enabled 19th century Britain to mass-produce surplus for international trade rather than use. In a way I’m also with you on the need for “monetary gifting”, but how is that going to resolve the problem of ” fixed capital assets and their depreciation costs accumulating for literally centuries”?

Me:  Viz the financial system perhaps we could have an integration of both partial and complete change in that the particle of truth of the current system, Debt, is integrated with an entirely new financial idea, Gifting, and this integration is so deep and sweeping that an actual third system arises out of it. This way the virtual financial monopoly of credit creation curiously enjoyed by private finance would be balanced, and additionally the complete restriction on the idea and vehicle of that creation, Debt and Loan Only, would be balanced by Gifting as well.

Dave, I think the idea of integrating employment with more leisure is an excellent one. Number one, combined with monetary Gifting it would enable more rapid change in the economy and economic theory and number two it simultaneously begins a positive and constructive acculturation of leisure which is not idleness, but self determined and directed purposeful activity. Perhaps we could also have an integrated effort by government, the helping professions and the clergy in making individuals aware of the multitude of positive, constructive and satisfying purposes available to them in addition to employment.

I think we should embrace the financial and economic effects of innovation and AI. Technology has been trying to lift the so called “curse of Adam” for centuries, and embracing that fact along with monetary Gifting could enable not only resource efficiencies but actual resource reductions. And even though with Gifting I’m sure we would see an increase in consumption at first (the reality even in advanced economies is relative austerity for a large majority) rather quickly I think we’d see a balancing there, especially if we are smart and comprehensively emphasized man as homo sapiens sapiens, wise and discerning man as opposed to homo economicus.

[(Flow of Moments x Eternal Now/Present Moment) <–> Consciousness of Each Moment]

Yes, there is “tons” of money out there but ever increasingly less and less of it actually available to spend by THE individual/individuals….and this fact gums up the system. And economizing ALONE will never resolve this problem. It requires ADDITIONAL money going directly and immediately to the individual and a way for enterprise to survive as innovation and AI destroy the need for employment. That way both the individual and the system survive and thrive….and both can flow freely in a free flowing system.

Love and You’re free. Make Love your strongest intention and you’re free to responsibly control. Intend and create love within yourself first, last, underneath and always and you’ve discovered the secret to freedom, happiness, creativity, purpose, simultaneous groundedness and ascension and even grace in Life and Living.

To the intellect alone this is insipidness. To the integrated heart and mind it is grace. And to the conscious/saintly it is reality. Eureka! Hallelujah!

Trinity-Grace is about continuous process and completeness. It is also the pinnacle result of the process of Wisdom which is the integration of truth(s). Trinity-Grace is the concept of unity of opposites including the opposites of both self and the other, that is oneness. And applied oneness in the temporal/time universe is about the thirdness of the conscious union and simultaneous separateness of self and any other in and through time. In other two within three that is simultaneously and continuously One and separate.

And this is The Cosmic Code.

[ (Union x Separateness)  <–>  Conscious Understanding of Simultaneous Separateness and Union of the Realities of Monism/Oneness, Duality/Twoness and Trinity/Threeness ]

This also enlightens one to the integrated/integrative reality of the quantum and temporal/physical universes….which also results in the thirdness of consciousness itself/total conscious awareness in each moment.

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”

Mark Twain