The task of our bureau is to bring together the findings from different sciences and thus generate new knowledge that can help us better understand the crises and complexity of our modern world and find solutions on how to deal with them.
In my search for solutions to the economic crises that constantly unsettle us, I came across a hitherto hardly studied borderline area between physics and economics, which I call physiconomics (composed of „physics“ and „economics“).
Physiconomics combines elements of „process physics“ or „physics of complex systems“, „game theory“ and „evolution theory (Darwinism)“ with economic questions. The increase in knowledge is enormous: Not only do the errors of our outdated economics and our economic system finally become clear, but clear recommendations can also be made as to the direction in which a new, more sustainable economics must develop, which takes into account the system boundaries of our earth.
This is a new interdisciplinary science, which - unlike Econophysics - can provide elementary insights into the interrelationships and backgrounds of economic crises.
One example is the discovery of the „paradox of the rules of the game of economics“, which has so far been overlooked by economics: in systems with limited resources, the rules of the game are completely reversed in the saturation phase with further growth. There is a tipping point here, which occurred about 20 years ago (around the year 2000). The same strategies that previously generated even more prosperity are now endangering the overall economic and ecological system and thus this prosperity. In line with this, the system structure changed massively. A relatively stable system with limited complexity became an unstable one with high complexity (black box theory).
Old structures have long since disintegrated, the old patterns of management and control no longer work. In addition, together with the economization and financialization of our society and the still valid growth dogma resulting from the debt-money system, different scenarios are emerging that can lead to inflation or collapse.
The consequences for the decision-making capabilities of business (and political) leaders are massive. For the last 20 years or so, it has been virtually impossible to commit to long-term goals and to strategies for achieving them. Instead, set goals and their possibilities have to be re-examined at intervals and under intensive observation of the changing environment and the knowledge gained. For companies, two additional strategies are becoming essential for survival: Strategies to increase resilience and to strengthen innovation capabilities. Among other things, workshops on resilience and radical innovation were held for this purpose.
Volume II: How the world really works
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On the physics of economics.
Read more.Dr. Michael Harder, in October 2020