Economics

Replace Greed with Charity

"Charity is the great channel," it has been well said, "through which God passes all His mercy upon mankind. For we receive absolution of our sins in proportion to our forgiving our brother. This is the rule of our hopes and the measure of our desire in this world; and on the day of death and judgment, the great sentence upon mankind shall be transacted according to our alms, which is the other part of charity. God himself is love; and very degree of charity that dwells in us is the participation of the divine nature."

Morals and Dogma  VIII Intendant of the Building 

 

Adam Smith failed to notice that self interest is not the only possible motivator of economic systems. 

The first studies of economics must have been much earlier than our history tells us. The obvious importance of the subject should have caused thinkers of the ages to explain this topic in more detail than what we can see today. We find some banking laws in Deuteronomy  but there is little more said on the subject over these many years.

 

Why is the gap between the rich and the poor getting wider?

There are 200 trillion possible ways to sort thirty (distinguishable) balls into three urns. Of those, only 5.5 trillion ways place exactly ten balls in each urn. The vast majority of distributions will contain some kind of inequality. Don't believe me? Think of three random numbers. What are the odds that an average person would instantly think of three identical ones?

On a macro scale, wealth inequality exists because it is much more likely for a random distribution to partition a fixed sum of resources between its recipients in a heavily unequal manner.

Quora

Truth, Education, Reason and Rational Economics.

The structure of a society is in it's economics. Current economic systems are based on covet and avarice behavior, pitting one person against the other in competition. 

What we call competition is a simple adaptation of the system provided for by nature. Therefore a free society will behave as it would naturally in the wild. Sexuality leaves an animal no other choice but to compete with his brother, to kill the other if need be. There is no reason why this must be true for humans as well. In theory humans have free will, creativity, and an intellect. 
 
The solution is found in new technologies, similar to this wiki. Technology that provides a mechanism for open collaborative management of economic systems.
 

Free market capitalism, corporations whose investors operate within an open collaborative framework dedicated to the task social benefit, as well as profit.

 

Roger Backhouse BBC Economics

from...http://www.bbc.co.uk/news/magazine-12748296

Roger Backhouse  BBC Historian

There was an historic split from "normative economics" - what we should do - to "positive economics" - the description of what we do in fact.

How can this be

How can we be so blind as to have opted for a world the runs on greed as opposed to a world that runs on compassion. I may understand if you were to tell me that we know no better, but Christ gave his life for us teaching exactly this lesson. How to live lives based on love of neighbor, and compassion and not greed and self interest.

Arithmomorphism and Economics

 

Shared Economics , A World of Possibilities

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