Divine Economy Model: A
subjectivist model that describes the economy in the following terms: human
spirit, transformation, law, order, purposeful action, capital structure,
market, property rights, justice, and unity.
The degree of specificity and intricacy in this model has never before been achieved even though the logic and the concepts have always been there in both the classical liberalism tradition and in the Austrian economics tradition.
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Sunday, September 22, 2013
Monday, September 9, 2013
With The Wings Of Subjectivism And Austrian Economics!
Like a phoenix - out of classical liberalism with the wings of subjectivism and Austrian economics rises the divine economy theory! Its flight encompasses macroeconomics, microeconomics, ethical economics, and economic justice.
The nest of its origin consists of the contributions of the great minds within the tradition, lined with the natural law pertaining to the remarkable human spirit.
This sustaining nurturance makes it possible for the phoenix to fly to hitherto undiscovered territories! And, not to be forgotten, eggs will hatch and carry everything forward, far and wide, and into the future.
Check out my new website: http://bruce-koerber.squarespace.com
The nest of its origin consists of the contributions of the great minds within the tradition, lined with the natural law pertaining to the remarkable human spirit.
This sustaining nurturance makes it possible for the phoenix to fly to hitherto undiscovered territories! And, not to be forgotten, eggs will hatch and carry everything forward, far and wide, and into the future.
Check out my new website: http://bruce-koerber.squarespace.com
Tuesday, June 25, 2013
The Entrepreneurial Spirit Drives The Market!
The market is an expression of the human actors (it is the universal language and prices are the words) and all humans exercise some degree of the entrepreneurial spirit.
The magnificent thing about the market is that it communicates intent and has content. When the medium of exchange is the one that is chosen by the market (ex. commodity monies since the beginning of human history) then it is indeed true that the words (prices) are universal also.
Humans are seekers after truth, but in varying degrees and at various times, and some even are mostly latent but this condition of latency is amplified and stretched out by the denigration of the spirit caused by the propaganda of the State. Releasing the entrepreneurial spirit is one of the tremendous powers of the market.
At the same time it is the entrepreneurial spirit that drives the market!!!
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Check out my new website: http://bruce-koerber.squarespace.com
The magnificent thing about the market is that it communicates intent and has content. When the medium of exchange is the one that is chosen by the market (ex. commodity monies since the beginning of human history) then it is indeed true that the words (prices) are universal also.
Humans are seekers after truth, but in varying degrees and at various times, and some even are mostly latent but this condition of latency is amplified and stretched out by the denigration of the spirit caused by the propaganda of the State. Releasing the entrepreneurial spirit is one of the tremendous powers of the market.
At the same time it is the entrepreneurial spirit that drives the market!!!
Check out my new website: http://bruce-koerber.squarespace.com
Sunday, June 9, 2013
Economic Synonyms That Fit In The Divine Economy Theory.
The following terms all fit perfectly within the parameters of the divine economy theory. In a sense, then, the divine economy theory can be considered as a specialized version of each of these.
Causal-Realistic
Capital-Based Economics
Austrian Economics
Classical Liberalism
Laissez-Faire
Market Economy
Disequilibrium Analysis
It would not be wholly accurate to say that the divine economy theory is identical to any of these since there are many unique contributions in the divine economy theory that are not present in these other perspectives. Other than any claims made by some of the adherents to these other perspectives that atheism is implied, there is no aspect of these above mentioned perspectives that does not wholly fit within the divine economy theory.
Check out my new website: http://bruce-koerber.squarespace.com
Causal-Realistic
Capital-Based Economics
Austrian Economics
Classical Liberalism
Laissez-Faire
Market Economy
Disequilibrium Analysis
It would not be wholly accurate to say that the divine economy theory is identical to any of these since there are many unique contributions in the divine economy theory that are not present in these other perspectives. Other than any claims made by some of the adherents to these other perspectives that atheism is implied, there is no aspect of these above mentioned perspectives that does not wholly fit within the divine economy theory.
Check out my new website: http://bruce-koerber.squarespace.com
Wednesday, May 22, 2013
Economic Equilibrium In The Austrian And Divine Economy Theories.
There is less virtue in science when it is static and it is never the desire of the champions of science that their contributions be seen as the final contribution to its advancement. Just like it was before their contributions, science had reached a certain plateau where most of their contemporaries dwelt until the explorer began the trek towards a new summit.
In contrast to the empiricism-dominated economic 'science' the Austrian school never accepted the interpretation of equilibrium given by their contemporaries. Actually empirical economists have to use equilibrium to provide a framework so they can apply econometrics. In a sense the whole empirical construction depends on the assumption of equilibrium and it will necessarily crumble into a heap of nonsense if the concept of equilibrium is removed. Sensing its total self-destruction the gate-keepers of empiricism cannot allow query into the subjectivist approach. Right there - the fear of inquiry - demonstrates extremely poor scientific method.
In the Austrian school of thought equilibrium is viewed as a mental construct that never really exists and so it is not needed to make economic analysis. The real condition in the economy is disequilibrium tending towards equilibrium. As succinctly stated by Murray Rothbard "The final equilibrium state is one which the economy is always tending to approach." These tendencies reflect the actions of humans as subjective beings with uniquely functional human qualities, the effect of which can be understood further by praxeology.
The divine economy theory advances economics further by broadening the ontological foundation that fits into the natural law as it pertains to human beings. Not only are humans physical and intellectual but also spiritual which then has significance with regards to equilibrium. The equilibrium forces that create the tendencies spoken of by Rothbard are not randomly a part of Mother Nature. The equilibrium forces are part of the economy and the reason is because the economy only exists because humans exist and humans are spiritual in addition to physical and intellectual. By ignoring or being unaware of the spiritual nature of human beings the balancing and harmonizing potency of equilibrium is falsely deprived of the inherent motive force since human action is purposeful. In other words, the equilibrium forces are also purposeful, not dissociated from the special station of human beings in the world of creation.
Equilibrium as a force and the appearance of disequilibrium in the economy are fully within the realm of scientific exploration and the realm of advancing comprehension but it does require a dynamic approach to science. Our ability to test validity should make us willing to welcome claims of new discoveries because we can make reasoned judgments, that is, as long as we do not act as if science is something static.
Twitter @DivineEconomy
Check out my new website: http://bruce-koerber.squarespace.com
In contrast to the empiricism-dominated economic 'science' the Austrian school never accepted the interpretation of equilibrium given by their contemporaries. Actually empirical economists have to use equilibrium to provide a framework so they can apply econometrics. In a sense the whole empirical construction depends on the assumption of equilibrium and it will necessarily crumble into a heap of nonsense if the concept of equilibrium is removed. Sensing its total self-destruction the gate-keepers of empiricism cannot allow query into the subjectivist approach. Right there - the fear of inquiry - demonstrates extremely poor scientific method.
In the Austrian school of thought equilibrium is viewed as a mental construct that never really exists and so it is not needed to make economic analysis. The real condition in the economy is disequilibrium tending towards equilibrium. As succinctly stated by Murray Rothbard "The final equilibrium state is one which the economy is always tending to approach." These tendencies reflect the actions of humans as subjective beings with uniquely functional human qualities, the effect of which can be understood further by praxeology.
The divine economy theory advances economics further by broadening the ontological foundation that fits into the natural law as it pertains to human beings. Not only are humans physical and intellectual but also spiritual which then has significance with regards to equilibrium. The equilibrium forces that create the tendencies spoken of by Rothbard are not randomly a part of Mother Nature. The equilibrium forces are part of the economy and the reason is because the economy only exists because humans exist and humans are spiritual in addition to physical and intellectual. By ignoring or being unaware of the spiritual nature of human beings the balancing and harmonizing potency of equilibrium is falsely deprived of the inherent motive force since human action is purposeful. In other words, the equilibrium forces are also purposeful, not dissociated from the special station of human beings in the world of creation.
Equilibrium as a force and the appearance of disequilibrium in the economy are fully within the realm of scientific exploration and the realm of advancing comprehension but it does require a dynamic approach to science. Our ability to test validity should make us willing to welcome claims of new discoveries because we can make reasoned judgments, that is, as long as we do not act as if science is something static.
Twitter @DivineEconomy
Check out my new website: http://bruce-koerber.squarespace.com
Thursday, March 21, 2013
Where Is There A Free Market Economy?
It is ubiquitous! Theory only proves its existence!
The testing of the theory has to do with the laws that exist and the compatibility of the free market with those laws. Humans are subjective and they are physical, intellectual, and spiritual. Without going into details this is all perfectly compatible with the divine economy theory. I wouldn't worry too much about being able to see it - in all of its splendor - in these, the Dark Ages of economics.
If you understand how the physical laws operate and you see a jar containing water and sediment the fact that it is constantly being stirred does not mean that when the agitation stops the sediment will remain in suspension. What will happen is the impurities will settle out and the water will be clear for all to see! Likewise when all the agitation of the interventionists stop the glory of the divine economy - the unhampered market economy - will be clear to everyone!
Follow me on Twitter @DivineEconomy
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com
The testing of the theory has to do with the laws that exist and the compatibility of the free market with those laws. Humans are subjective and they are physical, intellectual, and spiritual. Without going into details this is all perfectly compatible with the divine economy theory. I wouldn't worry too much about being able to see it - in all of its splendor - in these, the Dark Ages of economics.
If you understand how the physical laws operate and you see a jar containing water and sediment the fact that it is constantly being stirred does not mean that when the agitation stops the sediment will remain in suspension. What will happen is the impurities will settle out and the water will be clear for all to see! Likewise when all the agitation of the interventionists stop the glory of the divine economy - the unhampered market economy - will be clear to everyone!
Follow me on Twitter @DivineEconomy
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com
Saturday, March 9, 2013
What Equation Holds True And Anchors Economic Science?
Laissez-faire = unhampered market economy = the divine economy.
Without an understanding of this equation any outcome is necessarily error-based, designed with the foolish assumption that the market process - which is infinite - can be comprehended by finite minds.
Follow me on Twitter @DivineEconomy
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com
Without an understanding of this equation any outcome is necessarily error-based, designed with the foolish assumption that the market process - which is infinite - can be comprehended by finite minds.
Follow me on Twitter @DivineEconomy
If you know of anyone interested in ethics and economics,
or liberty and justice, please send them this link:
http://bruce-koerber.squarespace.com
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