Economists will play a key role in adapting the human society to the global-integral world
Key Points
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The network of self-centered ties woven in the world since the industrial revolution has exhausted its potential and led humanity into a global economic crisis.
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The most prominent economists are bewildered. All attempts to resolve the economic crisis using the traditional toolbox have failed because the existing paradigms no longer match the global-integral reality.
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Without a much needed transformation of the economic paradigms to match the laws of the global-integral world, humanity will not overcome the problems threatening its existence.
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Learning the laws of the global-integral world is a precondition for understanding the network of connections and for building a new society.
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Economists and experts in social science have a key role to play in adapting the economic ties among all parts of the human society in the global-integral world.
“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else.
...I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas. ...But, soon orlate, it is ideas, not vested interests, which are dangerous for good or evil.” [112]
-J.M. Keynes
[112] John Maynard Keynes, The General Theory of Employment, Interest and Money, (U.K., Palgrave Macmillan, 1936), pp 383-4