Model

Humanity Economics Model, Version 3.55
Author:  Michael David
Coauthor / Editor:  Dr. Ming Way
Last Updated:  8-1-2021

Purpose and Overview

Have you ever wondered what a store of value is when referred to in economic discussions on wealthEntity fashioned into a form, perfected capability, or offering, which provides satisfacti... More? What would an embodiment of such a thing look like? In a modern economic discourse that is so obsessed with measuring things, what would you use to measure its magnitude?

Your first thought might be monetary units – such as dollars or euros. This is certainly a good start, and in fact — is the method by which most economic philosophies measure value. When we examine this in Humanity Economics, however, some questions arise regarding this common assumption. For example, consider the anecdote of a fast food meal. As an organic agent of our economic platformCollection of actors, entities and offerings bonded by a common economic essence More, you likely don’t need to be prompted to estimate a price for this meal because you already did. So, imagine that you just purchased this meal and it made you sick after eating it. Did the price you paid reflect the real value of that meal, or some perception or expectation of it based on a past outcomeState of wealth or aggregate context resulting from an attempt to satisfy or fulfill an ob... More? In Humanity Economics, the perceived value and the actual value are two distinct phenomena.

The Humanity Economics Model is about getting to the root of the value in wealthEntity fashioned into a form, perfected capability, or offering, which provides satisfacti... More, what it is made of and how it got there. A tasty economic entityForm with distinct economic essence fit for carrying out human objectives More such as a fast food meal does not just appear out of thin air. It had to go through a creative process. Humanity Economics differs from other economic platforms in that it also recognizes, respects and evaluates wealthEntity fashioned into a form, perfected capability, or offering, which provides satisfacti... More when it is in the metaphysical phases of creation. So, while the recipe for the meal you just pondered was being fashioned, some artist-entrepreneur was inspired with a visionDimension of the wealth of will and way measured along the x-axis of octant I of the Human... More for the future and a propensity to share it with the world (perhaps it was Ray Kroc). In Humanity Economics, we examine a new perspective to value such inspiration, visionDimension of the wealth of will and way measured along the x-axis of octant I of the Human... More and proliferative instincts that potentiate a dispositionNotion affirmed in the mind of an individual that initiates and sustains intent More for ubiquity. To do this, we examine the depths of Human EssenceIntrinsic nature or abstract quality(s) that enable an economic entity or actor to solve f... More.

The Human Essence of Economics

What is your favorite song? Can you articulate how much you love it? Do you have an explanation for why you love it? What about your favorite food? Your favorite kind of car? Your favorite movie?

The reasons that economic things resonate with us embody some first principles of what differentiate us as individual human beings. First principles are things that cannot be deduced any further, such as the reason for which particles of positive and negative charges attract one another — they just do. The reason you love that favorite song of yours is — you just do.

When your favorite song was created, some artist(s) composed and arranged it just right, the way you like it. Why were they so inclined to do so — they just were. Their unique essenceIntrinsic nature or abstract quality(s) that enable an economic entity or actor to solve f... More was designed, somehow, to create exactly what it is that fulfills you every time you consume it.

Being fulfilled as a consumer can be an exhilarating experienceTransmission of energy from the physical world observed by the senses of an individual hum... More, but whenever that experienceTransmission of energy from the physical world observed by the senses of an individual hum... More occurs, it induces another equal and opposite phenomenon of resonanceEssential frequency(s) of energy responsible for the attraction of alignment between econo... More in other(s) — the creator(s) of your favorite song. That phenomenon is experienced by those creators as opulence, and occurs as a direct result of your fulfillmentDisposition resulting from an intrinsic metaphysical experience of energy from consuming a... More, the very essenceIntrinsic nature or abstract quality(s) that enable an economic entity or actor to solve f... More of which inspires them to create again and again.

The Humanity Economics Model was created to articulate how the fulfillmentDisposition resulting from an intrinsic metaphysical experience of energy from consuming a... More we get from consuming is only half of the equation. The fulfillmentDisposition resulting from an intrinsic metaphysical experience of energy from consuming a... More that comes from creating economic things to serve others is every bit a part of economics as is consumption, and is a phenomenon in the human experienceTransmission of energy from the physical world observed by the senses of an individual hum... More that cannot be measured in monetary units. In an economic discourse obsessed with consumption, we need a theoretical model for understanding this duality.

The Model

The Humanity Economics Model theorizes wealthEntity fashioned into a form, perfected capability, or offering, which provides satisfacti... More in three dimensions for the purpose of portraying what gives it volume. It portrays wealthEntity fashioned into a form, perfected capability, or offering, which provides satisfacti... More as green cuboids as pictured above. It also portrays wealth’s theoretical counterparts in an economy, which in the Humanity Economics Model are powerCapability to influence human intent or the form of matter More, possibility and lack (represented by red, purple and black cuboids respectively).

This model serves as a new perspective to be enjoyed by economic enthusiasts, artists and entrepreneurs to gain a better understanding of the actual source and nature of wealthEntity fashioned into a form, perfected capability, or offering, which provides satisfacti... More in economics. Enjoy!

Read on…

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