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 wealth? 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 platform, 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 outcome? In Humanity Economics, the perceived value and the actual value are two distinct phenomena.

Green cuboids represent wealth in the Humanity Economics Model; extension lines tagged with metaphysical concepts portray the dimensions of what wealth is made of

The Humanity Economics Model is about getting to the root of the value in wealth, what it is made of and how it got there. A tasty economic entity 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 wealth 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 vision 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, vision and proliferative instincts that potentiate a disposition for ubiquity. To do this, we examine the depths of Human Essence.

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 essence 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 experience, but whenever that experience occurs, it induces another equal and opposite phenomenon of resonance 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 fulfillment, the very essence of which inspires them to create again and again.

The Humanity Economics Model was created to articulate how the fulfillment we get from consuming is only half of the equation. The fulfillment 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 experience 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

Renderings of human wealth, lack, possibility and power in the construct

The Humanity Economics Model theorizes wealth in three dimensions for the purpose of portraying what gives it volume. It portrays wealth as green cuboids as pictured above. It also portrays wealth’s theoretical counterparts in an economy, which in the Humanity Economics Model are power, 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 wealth in economics. Enjoy!

Read on…

Author: Michael David
© 2022, Humanity Economics Institute, LLC

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