Economics

Why Sāńkhya Doesn’t Have Objects of Action

Even a casual look at Sāńkhya reveals an apparent asymmetry in its ontology, namely that there are five sense-objects called Earth, Water, Fire, Air, and Ether, corresponding to the five senses of knowledge Nose, Tongue, Eyes, Skin, and Ears respectively, but there aren’t corresponding sense-objects for the five senses of action, namely, Hands, Legs, Anus, Genitals, and Speech. Why do senses...

The Varna System of Social Organization

Several of my previous posts articulated the conceptual basis of an economic system different than the one that presently exists. These foundations include: (1) the real economic value lies in the objective properties of matter rather than in its human perception, and an economic system, when organized around this objective value, tends towards stability, (2) the problems in the current economic...

Why My Website Has a Copyright Claim

Some readers noted after my previous post (perhaps tongue-in-cheek) that my website has a copyright sign (©) at the bottom of each page. So it seems that I’m protesting the existence of patents but I indicate that the protest itself (my article) is copyrighted. That would seem hypocritical. Would I allow anyone free access to copy the content of my website...

Why Intellectual Property is a Flawed Notion

If you talk to a mathematician about their theories, they will say that mathematics is a discovery rather than invention. If you ask a physicist about their theory, they will claim that they are discovering the nature of reality rather than inventing it. But if you talk to a technologist or a corporation about their ideas, they will claim that they...

What the New World Order Could Be

The term “New World Order” often refers to a system of global governance and economics, including the system of monetary exchanges and trade established through institutions such as the World Bank and the International Monetary Fund, and the balance of power between the nations through organizations such as the United Nations. Over the years, these institutions have been undermined by their...

Do Supply and Demand Define Economic Value?

Economists have taught us that nothing by itself has intrinsic value. The value, according to them, rather depends on supply and demand for that thing. If the supply is high and the demand is low, then the value automatically decreases. Conversely, if the demand is high and the supply low, then the value automatically increases. This idea has led to the...