Humanity has made amazing advancements in recent decades world-wide in terms of technology, particularly in the field of information technology. The economic research space is one sector that utilizes information technology heavily in order to analyze trends and make predictions about the future, and from that, economic policy emanating from the regulatory bodies of each respective economic group and platform around the world.
It is paradoxical that with all of these resources focused on economic outcomes becoming more powerful and far-reaching every day, humanity’s fundamental understanding of economics still seems to be in question.
The video below highlights a quote being sited by a moderator at the New Orleans Investment Conference in 2018. It regards humanity’s scientific progress in economics over time as digressing rather than improving, and characterizes our application of economic science as stepping on a rake:
Humanity Economics was founded to join this conversation, provide a new perspective, and hopefully some fundamental explanations for things that have been misunderstood for a long time.
Humanity Economics is a conceptual platform serving as a liberal arts-based alternative to existing forms of economic science for understanding wealth, prosperity, opulence and their fulfillment of humanity.
A fundamental claim that led to founding the institute was that the true drivers of economic outcomes are metaphysical phenomena, such as feelings and inner human compulsions.
Humanity Economics is founded on the idea that science alone cannot analyze these metaphysical phenomena of the human experience, and that instead, art and aesthetics (referring to the branch of philosophy) compose a superior toolset for this endeavor.
This is based on the premise that science requires empirical evidence being observed and tested across a scientific community. While we can observe economic outcomes through the guild of accounting, we cannot look directly at someone’s metaphysical experience to measure things like how much someone wants something, or the degree of fear someone has of a risk manifesting.
However, every individual can observe his/her own metaphysical experience. The challenge in understanding this as a collective in humanity is for individuals to find the words and/or metaphors to articulate this. This again is where the arts are a very strong tool for learning.
For more on this, see our about page…