The Wisdom of The Bean Counters Versus Erudite Economic Duncery And Vice Versa: “Professing Themselves To Be Wise, They Became Fools”

Question for the economics profession: Is there a difference between the rate of flow of costs in a subsistence economy and a technologically advanced one? And if those costs are ever rising, how can individuals and businesses pay for them?

All of the math that extremely intelligent economists have at their disposal will entirely miss the correct answer to this most basic economic reality unless they actually look at it. So economists need to consult their “bean counting” accounting counterparts and awaken to that fact….or they will be dramatizing the biblical wisdom of Romans 1:22:

Professing Themselves To Be Wise, They Became Fools

Unfortunately accountants aren’t trained as mathematicians and economists and so they generally miss the conclusions that calculus and economics will help illuminate from examination of the data they (accountants) look at every day. In other words they stumble over undiscovered truth every day without realizing it. Consciousness, or lack thereof, is truly the controlling factor in so much of Life.

When You Have Policies….

When you have policies that both interpenetrate and encompass/bracket the economy, like a universal dividend and a retail discount, you don’t have to be worried about equilibrium…or disequilibrium, because those two policies can establish either/both and create prosperity and free flowingness in a profit making system. They resolve the two apparent chronic problems of modern technologically advanced economies, lack of demand and erosion of profits and purchasing power by inflation, and also resolve the generally unperceived underlying problem that the rate of flow of total costs almost always exceeds the rate of flow of total individual incomes and so the lower bound of prices is always increasing.

When I hear guys like Steve Keen say “the fundamental direction of capitalism is up” I agree, but he doesn’t apply that fundamental truth to the additional costs of ever accumulating fixed and concrete capital. Keen has also correctly observed that economists could get their degrees without taking so much as an elementary course in accounting, but if he would himself stop splashing around on the surface of accounting by looking at only debits and credits and look a little deeper into that discipline by looking at the flow of cost accounting datums he’d be able to discern the reality of the above systemic fact regarding ever increasing costs.

Oh, and by the way depreciation allowances for business are not forgiveness or elimination of these costs….just stays of execution of them…especially for the 90 plus percent of businesses that will go out of business due to them….and due to the fact that systemically their customers do not have enough money to pay for them in prices. But a universal dividend and discount to retail prices is economic folly….right?

 

Science: A Trinity-Unity-Oneness Process

Science: A Trinity-Unity-Oneness Process
 
Science any more is too caught up in the dogma of its dualistic process of comparing observations to that hypothesis and forgets that because it includes and begins with a hypothesis in its process it is a Trinity-Unity-Oneness process itself. And even if you want to say, “No, it’s only the process itself” ….what about the process of comparing observations to an hypothesis…followed by a conclusion regarding the observations??? The more you train yourself to look just a little closer the more you realize that life and everything you look at in it actually IS a trinity-unity-oneness process.
 
If science and scientists recognized this more clearly they would also be more open to new and more completing data thus making the pursuit of scientific truth less authoritarian and dogmatic and more reflective of good open minded science.
 
And then, in order to discover even greater truths, they might consider integrating the factor of consciousness in their method/hypothesis. That way they’d be more likely to experience scientific breakthrough which has always been an integration of the scientific method and an aspect or aspects of consciousness. For instance Einstein’s breakthrough use of imagination in visualizing a man jumping out of the window of a building across the street from his office at the patent office and sliding down space-time to the ground.
 
What is missing in the current trinity-unity-oneness-process of the scientific method is….conscious awareness of the continual existence and necessity of a viewpoint that is fully conscious in present time….in order to observe….in the first place. Consciousness exists, and the sooner science includes it in their analysis the faster we will progress toward the resolution of our converging modern crises.

Posted To Mish Shedlock’s Blog Regarding Brexit 12/03/2016

When dis-integration is called for you need managed disintegration. That way the vector is still correctly toward breaking away from a tyrannical trade confederation, but the result is a greater wholeness for the nation breaking away. The same goes for the management of dis-equilibrative modern economies; and in both trade and economies as a whole, the economically integrative policies of a universal dividend and a retail discount are what will enable a stable and humane progression toward that goal. The irony is that after the economy/economies reach a self reliant state free trade would be much more possible and likely.

This is the conscious process of the integration of opposites also known as wisdom….and a call for mere reactions that still leave in place unexamined untruths in orthodoxies on either side is a courting of chaos instead of freedom.

Posted To RWER Blog 12/03/2016 Regarding Econometrics

This is why economics needs to be more open minded integrative philosophy than closed minded “science”. That way one can successfully integrate perfection and imperfection and not have to worry about economic dogmatism at all anymore because the understanding that perfection INCLUDES imperfection enables one to no longer get hung up in the obsessive phenomenon of duality and so continue the integrative process of more complete truth seeking. It would also enable a mindset more conducive of wise macro and micro-economic policy integration. Wisdom being the integrative process itself the problem with econometrics is more lack of wisdom than lack of science.

The Process of Thirdness-Oneness Is The Inclusion of Truth and The Deletion of Untruth….From Both Sides Of a Duality, Not The Rejection of The Entirety Of One Side Of The Duality. This Defines Integration As Opposed To Reaction.

The Process of Thirdness-Oneness Is The Inclusion of Truth and The Deletion of Untruth….From Both Sides Of a Duality, But Not The Rejection of The Entirety Of One Side Of The Duality. This Defines Integration As Opposed To Reaction.

This also distinguishes science from opinion, science from philosophy and philosophy from spirituality, and the mind that has honestly climbed this ascending scale gains science (objectivity), philosophy (wisdom) and spirituality (both temporal/physical and self knowledge/knowingness). Such scale can be understood utilizing The Cosmic Code:

philosophy –> spirituality  [ (wisdom x spirituality)  <–>  knowingness in both/all spheres ]

science –>  philosophy [ (science x philosophy)  <–>  wisdom ]

opinion –>  science  [ (opinion x truth)  <–>  scientific truth ]

Our modern problem (particularly economically and monetarily, but also in many other ways) is we’re still stuck in dogmatic science and consequently degraded/incomplete philosophy and withering spirituality (and yet too often obsessive religiosity).  Religiosity is too often characterized by divisiveness, duality and a failure to understand and maintain Grace even while it is continually advocated.  Spirituality is characterized by respect and affirmation of all realities, even incomplete and erroneous realities although not their truthfulness, and both recognizes and integrates Space, Time, physicality, ideas and consciousness and so can attain a gracious natural completeness.

Personal Quote

Reaction begets reaction in kind eventually unless one does their own inner work. The trick is to realize that cultivating graciousness is both the best thing to express toward others and also its own best reward. Eventually one realizes that cultivating grace/graciousness is not naive or an “airy-fairy” idea but an empowering experience where nothing of value is lost and one’s ability to be effective is actually greatly increased.

Steve Hummel 12/02/2016