Featured Post

I = S - M

The modern way of thinking about economics has been I = M - S Where I is the I as in me, M is what is 'mine' and S is what ...


(A) Let us say you do something. If your action is simple you can trace the trajectory of your action carefully and evaluate every step. If each step meets our criterion of means and ends being reversible terms, you go ahead with the action. You may repeat it with confidence.

(B) However if your action is complex. Say you press a button. And something happens. In this case you may not be able to even begin breaking your action down into steps. One moment you had not pressed the button. The next moment you had. In this case it is no longer possible to trace the trajectory broken down into the steps involved. You find that you can not evaluate your action, broken down into its component steps, based on our criterion of means and ends being reversible terms. You are no longer able to have a guide for action. You struggle. You look for gurus, authority figures to tell you what to do. Eventually you have a crisis of meaning and start questioning everything.

B above is modern society based on classical economics. Let us return to our roots in A. That is the only next step available to human beings if we are to survive and thrive.