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The Birth of a Unified Economics

Author

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  • Li, Bin

Abstract

The paper outlines an original thinking theory and its applications to economics. The author ascribes the flaws and divisiveness of economics mainly to the lack of a proper theory on how a person thinks. Human thoughts shall be entities, and thinking shall be behaviors, both featuring spatiotemporal. Simulating a computer, human thinking can be Kantianly and dually interpreted as computational operations which mean that Instructions, as the innate and general thinking tools, process information or data selectively, serially, and “roundaboutly”. Conditioning with operational speed, time, space and computing economy, the architecture reasonably leads to the results of knowledge stocks, Combinatorial Explosions, subjectivities, pluralities, conflicts, innovations, developments, “Semi-internalization”, convergences, divergences, “High-order Consistency”, etc., and hence a great deal of theoretical socio-economic puzzles are basically solved, including institution, organization, money, capital, Invisible Hand, business cycle, crisis, power, government, etc. This explosive framework could be a decisive breakthrough and a deconstruction of the mainstream equilibrium paradigm, and hence a grand synthesis or unification and a new comprehensive research program of economics.

Suggested Citation

  • Li, Bin, 2020. "The Birth of a Unified Economics," MPRA Paper 110155, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:110155
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    File URL: https://mpra.ub.uni-muenchen.de/110155/1/MPRA_paper_110155.pdf
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    References listed on IDEAS

    as
    1. Li, Bin, 2019. "How Could Cognitive Revolution Happen To Economics? An Introduction to the Algorithm Framework Theory," MPRA Paper 110504, University Library of Munich, Germany.
    2. Simon, Herbert A. & Schaeffer, Jonathan, 1992. "The game of chess," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 1, pages 1-17, Elsevier.
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    Cited by:

    1. Li, Bin, 2022. "Algorithmic Economics," MPRA Paper 113563, University Library of Munich, Germany.

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    More about this item

    Keywords

    economics; economic methodology; social science; theory; time;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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