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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.
