Micro, Macro, Meso, and Meta Economics – Project Syndicate
Saturday, 13 October, 2012 Leave a comment
If classical economics is known to be ‘incomplete’, so deeply flawed or theoretical to be useful in the real world WHY do they still try to tell us…anything? WHY do we still place so much store in what Economists tell us?
The British economist Fritz Schumacher understood that human institutions, as complex structures with dynamic governance, require systemic analysis. He defined meta-economics as the humanizing of economics by accounting for the imperative of a sustainable environment; thus, he included elements of moral philosophy, psychology, anthropology, and sociology that transcend the boundaries of profit maximization and individual rationality.
Ontonix have, recently, developed a tool to deal with Large Ecosystems: MetaNet™