Luck, (as in a random early decision to understand and know)  looking and continual looking, i.e. contemplation are the component parts of genius and eventually Wisdom and its pinnacle Grace.

Iknonoclast,
I agree with your definitions of formal and real systems, but I would add to that complete/completed systems. Three distinctions is always the best way to look at and discern matters because it assumes an integration of opposites which results in a more unified, complete…and third and distinct reality. It’s more dynamic and open ended/open minded.

You could call formal systems pragmatic systems, real systems scientific systems and complete/completed systems wise systems. Pragmatic systems like we have today in economics are problematic given the fact that man is basically good but flawed and without continual vigilance against such flaws its devolution grinds to an unhappy result. The pragmatic DSGE/neo-liberal system would claim to be both a scientific and complete system, but that emperor of course has no clothes on. Scientific systems are definitely a step up in that there is more data and mental rigor involved and so another level of completeness. But science, unless it is very good as in open minded science (and the signature of scientific breakthrough is always a higher and more complete integration and unification) is not sufficient in and of itself….because it is not a completed method or ethic. And that is why wise systems are necessary if we want actual and complete answers because Wisdom is the integrative process itself and an ethic of continual and complete integration is what is required.

So the question should be asked, “What is the epitome of Wisdom?” The scientific and objective study of the world’s major wisdom traditions would conclude that it is the oneness of Grace/graciousness. (Buddhist satori-kensho and Hindu atman are pointing at the same oneness concept and experience, Christianity has no claim on complete and exclusive truth.)

Then if we ask what are the aspects of Grace/graciousness we see that among its many aspects are sovereign, abundant and additional self control/creation of money (MMT), continual temporal/structural and systemic financial presence as a bulwark against dominance and the inevitable change that occurs in the temporal universe (Public Banking) and Gifting directly to the individual and within the system in order to have complete policy follow through and empowerment of individual freedom and systemic free flowingness (Social Credit). Even disequilibrium theory begs the question: How is equilibrium created? which would be integrating the reality of disequilibrium/continual flux with policies that effected balance, equilibrium and flow which not coincidentally are the major aspects of both Grace and the classical and correct goals of economics.

So for the sake of all of us in a troubled world where modern and utterly destructive weaponry is also a reality we would be wise to integrate all of these leading edge theories into a movement that could herd the entirety of the political apparatus toward such workable, scientific and completed policies.

One of the advantages of knowing nothing before one does a study, and also of being self taught is that one doesn’t know what they’re supposed to be wrong about…and if it actually turns out they are right, as is sometimes the case,  its to no small degree because the orthodoxy they missed was false and so their curiosity and creativity had freer reign as well.

Integrating the best aspects of two opposing ideas, theories and/or situations with an eye for the superlative is the key to peace, prosperity and ascending ethics.

[ (Capitalism-Efficient Allocation  X  Socialism-Ethical Distribution)  X  Social Credit ]

As both the physical universe and self awareness exist it is fruitless and ultimately frustrating to invalidate either. Rather, the thing to do is integrate them (their Duality) and so obtain a unified thirdness that progresses and ascends. That is how we as a species have come to where and what we are..if we’d think about it for a bit. No need to ignore, invalidate, exclude or settle for less. When it comes to Truth, Reality and Knowing…the answer is always Yes!

A gift of money is debt free and cancels a debt or price the same as an earned income does. The money system is digital after all. And as the real systemic and individual problem is a moment to moment scarcity of actually available total individual incomes in ratio to total costs/prices the administration of a continuing,  abundant and equilibrating  gift is the answer….no matter how much hand waving by the banks and hypnotized and habituated confusion by economists or their pundits.  I suggest we implement such a system with post haste.

Soddy was intelligent, but Douglas was not only just as smart he looked at the right data and metrics and suggested both the engineer’s and the ethicist’s integrated solutions which makes it Wisdom’s solutions.

Wisdom is not simplistic or given, but it is an elegant and wise combination of basic truths, an integrative thirdness and simultaneous oneness that is higher and more unified than its mere opposing or aligned component parts. That is why the natural state of grace is the complete integration of space, time and self awareness, a tree is the totality of its trunk, its branches and its roots from which the other parts arose, freedom is knowledge, responsibility and ethical self control and wisdom itself is both inward and outward looking and a contemplation that intensifies the truthfulness of data or concepts and that can culminate in the experience(s) behind the concepts contemplated.

Trinities are all over the place in the world as in start, change and stop (time), H2O, (water), + charge and minus charge interacting and energy (electro-magnetism), trunk, branches and roots (tree) and Present time, present space and self awareness (a psychological experience known as a state of grace and flow) and the concept of trinity-unity is precisely what the world requires in order to extricate itself from inevitably habitual contentiousness that results from only dualistic thinking.

Trinity-Unity is thus an extremely valuable and useful concept and reality both naturally and spiritually.