Divine Economy Science Shows That All Paths Lead To God.

Even though the natural sciences require a different methodology than the social sciences the parallels are instructive. Since human action is the essence of the social sciences and since humans make decisions subjectively the appropriate methodology for the social sciences is subjectivism. The appropriate methodology for the natural sciences is empiricism.

In the natural sciences the micro analysis uncovers greater and greater mysteries filling the unbiased observer with awe and wonder. Likewise the natural scientists who are striving for an understanding of macro worlds - the 'universe' if it can be delimited by such a puny word - find themselves overwhelmed and reduced to complete bewilderment at the glory of the infinite. These two ends of the natural science path lead to a love for the Creator.

In the social science of economics there is a parallel experience. This is especially evident now that the divine economy theory is available to all those seeking a deeper understanding of purposeful action by spiritual beings.

At the micro level there is the discovery that all things, material or ideal, have value because they are the reflection of the attributes of God. Human beings are irresistibly drawn to these names of God because our 'operating system' functions according to the decree - created in His Image. Even if persons are completely devoid of faith in God they, nevertheless, are attracted to the presence of these attributes in the things that they value. Hence all economic value originates in the evidences of these essences. At this micro level the refinement of these virtues constitutes wealth.

At the macro level in the divine economy theory there shines the long-recognized concept of equilibrium. Equilibrium is beyond our comprehension. However, since humans are imperfect they are always functioning in a world of disequilibrium, with the tendency towards equilibrium. This mysterious and marvelous force, known as equilibrium, has a new definition. 'Divine economy' is the equilibrium force and in divine economy theory it is identified as a divine institution that is part of the human creation.

The economy exists because humans exist. Humans seeking after truth - knowledge - is what drives the economy always towards equilibrium and that is what brings prosperity, the grace of God. Human interference, called intervention, is always a corruption of this divine institution - the divine economy. Unquestionably, the finite can never comprehend the infinite. Intervention restricts the flow of information and always causes injustice and disunity.

Science, when the methodology is correct and when the bias of atheism is discarded, is a path that leads to God.

A Divine Microeconomy Theory Slowdown!

As I mentioned in my other blog I will be giving much of my attention over the next few months to writing the third book in the series of four books dedicated to the divine economy theory.

I will try to stay alert to microeconomic issues and I will occasionally provide theoretical insight from the viewpoint of the divine economy theory.

Economic Value In Divine Economy Theory.

Before I begin I have to comment on the degree of importance currently placed on empirical economics and those who are convinced that it has merit. The mantra of these empirical economists: "If only the computers were faster and the bits of data were more precise!" For example, in the Boston Globe the following statement appeared: "Chairman Ben S. Bernanke is pushing the "factor model" program -- so named because it reduces everything from home sales to mining capacity into a few weighted averages for making predictions."

It is no wonder why there is a big void in economic understanding for most people.

At the center of the divine economy theory is the human being, not some automaton. The human reality at the core has all its potentialities. Primary among these is the spiritual reality understood universally as "created in His Image." That 'image' granted to every human being is manifested as the appearance of the attributes of God, such as beauty, trust, power, and love, to name a few.

Just like a moth cannot help but be attracted to light, every human being acts purposefully in ways that express some form of these attributes. Likewise, every human being is attracted by the appearance of these attributes in others, and in things. This attraction is another way of describing the idea that humans know what is valuable to them.

Ultimately everything that has value satisifies a need that somehow brings one of the attributes of God closer. Such an understanding is useful for all: those entrepreneurs seeking to discover what people value, those producers seeking the best ways to produce what people value, and those 'consumers' who benefit from the knowledge that the things we value are simply evidences that we are on a spiritual quest, true to our human reality.

Back to economic value. The object does not contain value. Therefore data cannot document value. For example, a car has value because it satisfies our quest for attributes that further our journey. It is also unlikely that the attributes that I seek in the car are exactly the same as that of another person. Each of our journeys is unique.

This is why subjectivism not empiricism is the correct methodology for economics. Despite what has been done up to now in economic science it is time to reorient. We have now entered a new era in economic science and the divine economy theory is the launching pad!