Please click each step below
Step 1: Prove that Economics needs to be replaced to avoid a Global Stagflation
- Prove that recession, depressions, poverty, and inequality are avoidable
- Prove that profit maximization is the cause of most economic problems and can lead to the degeneration, or added ‘toil and trouble’, of society
- Explain how quantitative easing done from 2009 will cause a global stagflation before 2020
- Explain the root causes of economic problems through the Value-Trade Theory
Step 2: Create a New Socio-economic Science
- Create a new science called SORAnomics based on cognitive science or philosophy and not on mathematics or physical sciences
- Create new principles from the time-tested maxims of Adam Smith, David Hume, and Eastern philosophers
Related: See What SORAnomics Is All About
Step 3: Create A Working Socio-economic System
- Use the latest web technologies to create a Social Resource Allocation (SORA) System to facilitate socio-economic activity
- Use SORA to solve economic problems
Notes:
Three important circulating capitals in Smith’s system:
- Store of Value = Precious Metals
- Tool of Trade = Currencies (paper or electronic)
- Measure of Long-term Value = Grains
Economic Superphysics 