User:ShantiSage

Integral Economics

Integral economics is a new system of economics based on the quadrant idea contained in Ken Wilber's Integral Theory. I am the originator of this approach. However it is still in its infancy. It presents a new paradigm for the ever increasing obsolete economic system currently in use. The central idea is to absolve society of its 'debt' economy whereby capital is created through borrowing and lending. Integral economics proposes to create capital on the basis of spending rather than lending/borrowing. For every dollar (money) spent a dollar of capital is created along with the money earned by the seller. e.g. I purchase a bowl of soup for $5.00. The seller (Indigo Cafe), makes 5 dollars money, in           addition to this 5 dollars is credited to an account, which in turn becomes 5 dollars of            capital. For every dollar spent a dollar is earned by the seller (money), and another dollar is created as credit/capital. In this approach money differs from capital. A dollar earned is credited as a dollar of capital along with a dollar earned as money by the seller. Hence, money serves as a kind of accounting system whereby the economy functions in the positive rather than the negative. Capital ceases to be debt and becomes capital created as credit by actual money spent.