Munich Personal RePEc Archive

The Birth of a Unified Economics

Li, Bin (2020): The Birth of a Unified Economics.

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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.

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