The Economy and the Societal Needs (Part 1)

Ask anyone what the economy means to him or her and you will receive a different answer. Economy is a discourse for quite a while now.  For the North Korean farmer economy finds its meaning in securing the survival of his family and he is organising his life accordingly. For the foreign exchange trader in the City of London economy is a profit exploitation framework satisfying through it his prosperity needs. Putting the extremes aside though, until now none to our knowledge, has ever explored how humanity utilises the economy and what are the needs it tries to cover.

If you are a regular visitor of our blog, you may immediately understand the potential benefits deriving from such an analysis, for the newcomer though it makes sense to put the horse before the car and explain what the problem was, the solution of which is our research.

Politics, you see, is a discourse on its own right, which by the way we are in the process of deconstructing as we did with the economy. Defining it loosely, it was until today, the art of “explaining” to the masses, using normally a political in conjunction with an economic theory, the degree of accuracy in interpreting the nation’s needs and a “justification” for the strategies used.

However, until a month or so ago, neither hierarchy of societal needs nor an actual deconstruction of the economy existed rendering all the explaining and the justification anything between an inaccurate “science” to a plain fiction,  if you were a cynic. That was simply the problem and our hope is to contribute towards transforming the art into actual science.

Of course, we are still a few months away from the point whereby we would be able to analyse specific countries but the power of Synthetic Institutionalism (http://bit.ly/s0Q4hK) in conjunction with our constantly increasing mental-association analysis toolkit provide us with plenty of optimism.

For the time being, we are pleased to be able to offer you an initial mapping of the Economy substructures against the pyramid of societal needs (http://bit.ly/upeNTq) we presented at an earlier stage. Enjoy!

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