THE SCIENCE OF ECONOMICS AND THE HUMANITY IT SOMETIMES OVERLOOKS
By Melvin J. Howard
Einstein’s “E=Mc2” everybody has heard of this famous equation there are few others that are just as important but why does E=Mc2 stick out. Because the equation connects intangibility and tangibility by making them equivalent, it joins them as one. Energy, Mass and the speed of light that brings them together. Energy is everywhere and energy makes things happen and every object has mass. In 1905 Einstein did some of his best work what was Einstein’s reason for his quest after a Grand Unification Theory? Would it be fair to conclude that he hoped to better the living conditions of mankind? Did he want to cast light on a new view of Economics? Whether Einstein actually wanted to apply his thinking to Economics is beside the point. We can see in his search the desire to provide a path for such an inquiry. The economy as I observed are the laws of nature at work in the formulas governing the behavior of energy and mass a method for understanding the universe. Let’s see if we can bring energy mass and economics into the same expression of thought.
George Bernard Shaw once penned, “If all economists were laid end to end, they would not reach a conclusion.” Shaw was frustrated because Economics is so difficult to understand. The study of human relations is called sociology. However, even though a study of Economics can involve mathematics, it is not a discipline bound up in numbers. William L. Anderson writes in the February 2002 issue of The Free Market: “Modern Economics fails at the very heart of analysis, that being the attempt to make Economics into a branch of mathematics instead of a systematic way of examining human action.” Economics is about human beings and how they relate to each other. It is about people in social groupings.
At the heart of the study of society is Economics, the study of how we meet the needs of each other. The aim of Economics is to create conditions that allow people to prosper. Today’s physicists have not erected an altar of stone to the God they seek. They have, however, opened themselves with honest vulnerability to that God by seeking the “Grand Unification Theory.” Their microscopic study into Quantum Physics and their macroscopic discoveries involving space-time have driven them to the edge of their ability to discover. On this cliff overlooking a clear understanding of as much of the universe as it is ours to analyze, they have let it be known that they seek the great unifying principle. The Unknown — they declare — must become known. They admit, in the words of Silvan S. Schweber, “.. the difficulty is only that the exact application of these laws [of physics] leads to equations much too complicated to be soluble. Does that speak to human intelligence recognizing it cannot grasp the full implications of the infinite? Yet, if the infinite is infinite, then He is also within the finite. His imprint should be visible to us, if not the extent of His presence and influence.
If science ever recognizes a “Grand Unification Law,” that law must be inter-disciplinary. It must not be limited to cosmology, chemistry, astronomy or mathematics. Further, it cannot be content with ignoring pre-Big-Bang considerations. Why is Quantum theory so important because it touches every part of our lives? From the moment you wake up to the moment you go to bed Quantum is happening. As scientists gained the technology to measure with greater precision, strange phenomena was observed. The birth of quantum physics is attributed to Max Planck's 1900 paper on blackbody radiation. Development of the field was done by Max Planck, Albert Einstein, Niels Bohr, Werner Heisenberg, Erwin Schrodinger, and many others. Ironically, Albert Einstein had serious theoretical issues with quantum mechanics and tried for many years to disprove or modify it. What's Special About Quantum Physics? In the realm of quantum physics, observing something actually influences the physical processes taking place. Light waves act like particles and particles act like waves (called wave particle duality). Matter can go from one spot to another without moving through the intervening space (called quantum tunnelling). Information moves instantly across vast distances. In fact, in quantum mechanics we discover that the entire universe is actually a series of probabilities. One of the most exciting discoveries of quantum physics is the realization that our thoughts affect the world around us. In the quantum realm--far smaller than protons and neutrons--quantum scientists have conducted numerous experiments with the smallest particles known.
In these quantum physics studies, it was discovered that the thoughts and expectations of the experimenter were actually causing the experiment's outcome! For instance, if the experimenter thought the particle would spin a certain way, it would! Scientists witnessed that a person's thoughts were actually causing the reaction of matter--at the quantum physics level.
The implications of this and other quantum physics studies has lead quantum scientists to understand that we have a direct effect on the world around us--our thoughts are affecting the physical world in which we live. In fact, they are discovering that the power of thought literally creates your world. I must admit for years I was lost in the mechanical world not open to thought. Just doing what everybody else was doing or as having the same thoughts as the people before me. Now I know life is about probabilities and possibilities. Probabilities are determined by variables for example if you toss a coin you have a 50% probability that you would get heads or tails. But if you take in to account the force at which you tossed the coin. Let’s not forget wind speed the direction you are standing and so forth would give you more of a chance of predictability. I am saying in essence if you knew all the variables that would affect the outcome you could predict with certainty 100% probability. Not only in economics but in real world life situations so open you mind to the possibilities do not limit yourself to old beliefs. Wealth is a state of mind to be picked up and pulled apart and studied. Thought is very important I am not just talking about surface thoughts. I am talking about deep inner core thoughts about your life and the interactions with it. You should remember just by you being born you have set a ripple effect in the world you have caused it to change in one form or another. Just like in the movie The Matrix when Morpheus is talking to Neo. This is your last chance after this there is no turning back. You take the blue pill, the story ends; you wake up in your bed and believe what you want to believe. You take the red pill you stay in wonderland. And I show you how deep the rabbit hole goes. Neo takes the red pill, discovers that his entire life and the lives of everyone he has ever known have been an illusion. What pill do you want to take I took the red and can never go back.