Economic Theory

A Personalist Foundation for Social Sciences

I used the last post to weave many seemingly disjointed ideas—modalities, inseparability, qualities, how the illusion of motion is created without a motion by revelation and hiding of modes, how this leads to alternative ideas of space and time, an alternative conception of laws of motion, and why the idea of a separated reality modeled by mathematics is always false even...

Economics and Reductionism

Profits require that the whole must be greater than the sum of the parts. For example, half a chair is not half price of the full chair; most times you cannot sell two halves of a chair separately, or price them separately, even when you assemble the chair yourself from packaged parts. Similarly, the price a carpenter will charge for a...

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...