An Economy of Meaning, or Bust

Current economic systems are dismal because they waste our precious time. We can pause to reevaluate, and redesign.

By John Boik, February 6, 2017

It’s not often that a scientist gets to use the words love, creativity, and wisdom in a paper, especially when writing about economics. Perhaps that’s because economics, the dismal science, is obsessed with dismal systems—make that abysmal systems, relative to need.

To be clear, I’m not speaking of the specific policies of the US, the EU, China, the World Bank or others. I’m speaking of dominant economic systems as wholes—especially their underlying conceptual models (macro and micro) and the world views upon which they are based.

A human has only so many minutes in life. Time is the bedrock scarcity. If a person isn’t doing something meaningful in a given moment, he’s doing something less than meaningful.

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