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The First Prague Workshop On Futures Studies Methodology CESES, Charles University, Prague September 16-18, 200 4 Design of Holistic Economics for a Global World Ivan Klinec Institute for Forecasting Slovak Academy of Sciences Industrial Age Economics Mechanistic Paradigm

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Design of Holistic Economics for a Global World

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The First Prague Workshop On Futures Studies Methodology

CESES, Charles University, Prague

September 16-18, 2004

Design of Holistic Economics for a Global World

Ivan Klinec

Institute for Forecasting

Slovak Academy of Sciences


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Industrial Age Economics

Mechanistic Paradigm

Economic Theory as Ideology

Information Age Economics

Holistic Paradigm

Plurality of Economic Theories

Holistic Economics


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New Economic Theories

  • New Economics

  • Humanistic Economics

  • Real-Life Economics

  • Bioeconomics

  • Biological Economics

  • Green Economics

  • Steady-State Economics

  • Geonomics

  • Network Economics


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Holistic Methodologies and Approaches

  • Dissipative Structures – Ilya Prigogine

  • Implicated Order and Holomovement – David Bohm

  • Creative Destruction – Joseph Schumpeter

  • System Approach – Fritjof Capra

  • Entropy Law – Nicholas Georgescu-Roegen

  • Networking – John Arquilla, David Ronfeldt, Jessica Lipnack, Jeffrey Stamps

  • Network-Centric Organization – Arthur Cebrowski, John Garstka

  • Swarming – Kevin Kelly, John Arquilla, David Ronfeldt

  • General Semantics – Alfred Korzybski

  • Hidden Civilization Code – Alvin Toffler

  • Information Theory of Value – John Naisbitt


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Holistic Economics

  • Economy as Open Subsystem of Higher Systems – Society, Nature, Universe

  • Economy as Undivided Whole

  • Economy as Implicated Order and Globalization Process as Holomovement

  • Economics as Map, Economic Theories as Partial Maps of Economic Reality

  • Irreversibility of Economic Processes

  • Economy as Dynamic Organism


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Holistic Economics

  • Economic Process as Process of Creative Destruction

  • Implementation of Concept of Entropy into Economic Theory

  • Information as In-Formational and Structure Creating Factor in Economy

  • Information Theory of Value

  • Economy as Dissipative Structure

  • Productive Factors as Civilization Attractors

  • Laws of Economy same as Laws of Nature and Universe

  • Renewing the Original Significance of Economy as Householding


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Economy as Open Subsystem

  • Economy is open subsystem and part of higher systems as are the society, Nature and Universe

  • Laws of Economy are based on laws of Nature and Universe


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Economy as Undivided Whole

  • Economy is one undivide whole

  • Each part of economy on every levels – global, national, local – is interconnected with all other parts

  • Development of global world economy is interconnected with the development of all national and regional economies


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Economy as Implicated Order

  • Economy is sort of implicated order

  • Hidden code of civilization is sort of implicated order

  • Form, structure and principles of national economies are form of explicated order

  • Globalization process is sort holomovement


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Economics as Map

  • Economics is map

  • Economics is not economy

  • Economic theories are partial maps of economic reality

  • All economic theories are limited in time, space and purpose

  • No economic theory is possible to be absolute in any time and any space


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Irreversibility of Economic Processes

  • Economic processes are basicly irreversible

  • Economy is dynamic organism not a static sort of machine

  • Economy is transformated through the processes of Creative Destruction

  • Creative Destruction is permanent process of destruction and renovation of economic equillibrium every time on new level


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Entropy as Fundamental Concept of Economic Theory

  • Entropy is fundamental concept of economic theory enabling view of economy as sybsystem of Nature and Universe

  • Entropy has relationship to whole economy instead of concept uncertainty with relationship only to decision process and management


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Information as In-Formational and Structure Creating Factor

  • Information is in-formational and structure creating factor, which is creating a new structure of economy, society and civilization – information society

  • Information is new productive factor

  • Information is new form of capital

  • Information is new form of resource


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Information Theory of Value

  • Economic value is creating by information

  • Economic value is adding by information

  • Economic profit is genereting by incorporating more information into products and services

  • Generating of information is disequillibrium creating process

  • Diffusion of information is equillibrium renewing process

  • Networking process is based on better access to information therefore more networks means greater value and more profits


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Economy as Dissipative Structure

  • Economy is dissipative structure

  • Economy is dissipating energy

  • Economy is dissipating materials

  • Economy is dissipating capital

  • Economy is dissipating information

  • Developed markets are enabling the dissipation of all economic productive factors


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Industrial Age Civilization Attractors

Land

Work

Capital

Information Age Civilization Attractors

Information

Knowledge

Attention

Economic Productive Factors as Civilization Attractors


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Economic Productive Factors as Civilization Attractors

  • Economic and civilization transformation is process of change of civilization attractors

  • Economy and civilization are restructuring around new civilization attractors in the form of economic productive factors

  • Platform-centric organization of civilization is substituted by network-centric organization


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Industrial Age Structure of Economy

Platform-Centric Organization

Information Age Structure of Economy

Network-Centric Organization

Basic Structure of Economy


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Renewing the Original Significance of Economy as Householding

  • Emerging global economy and globalization processes are the challenge and chance for renewing the original significance of global economy as global householding and economics as the science about householding


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  • Thank You for Your Attention !


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