A new Paradigm for a new Monetary System [4]

Read Part 1 here, and Part 2 and Part 3.

Based on philosophical and psychological inquiry, part 1 referred to the philosophy of science in order to show the need for a new paradigm approach to a world problem: to think how “money” or a monetary system might be better planned to support life. Part 2, supposed three interlinked relationships within life as the foundation of this holistic approach [transcendent, rights, and exchange]. Then in part 3, a thought experiment began where “exchange” was left out, so that some notions of what “money” might mean without that aspect we are so accustomed to viewing could emerge. This “out of the box” thinking helps the realisation that the current paradigm (a hegemony in thought) allows exchange to dominate. This can be seen again, but each time a little differently, when the exchange aspect of life is paired with each of the others, but all three are not in combination. Leave out “transcendence” and inevitably, the view moves to conflicting aspects of sociology and psychology. The “elephant in the room” is that we talk about cultures, spirituality, the uncertainty of future, as if we were not in the experience. This is OK if we do not forget that there is a wider perspective, but when that perspective is forgotten, it can be observed that thinking tends to become reductionist, about short-term, immediate issues.


Politics tries to balance the needs of economy – seen as market – without which aims (even self-interested aims) for the well-being of all cannot be begun, nor rights advanced. The viewpoints shift from ‘left’ to ‘right’, neither seems to succeed.

If “exchange” is paired with “transcendence”, leaving out “rights”, observation from this view shows another familiar dichotomy, that between simplistic reductionism, and a more utopian idealism. The idea of “rights” gets dragged in to discussion, almost as an afterthought, again linear thinking as if either ‘left’ or ‘right’ had the answer, overwhelms more complex thoughtfulness. People are again in US and THEM mode, one group being thoughtless consumers, the other utopian idealists, depending which sort of US group one happens to be in at the time.


One aspect of life has become dominant, so that it is almost impossible to use the word “economics” as meaning life management, it refers primarily to “exchange”, trade, things with technical meaning like “balance of payments”.

In a more holistic view, considering disparate fields of inquiry, every discipline* has proposed a different theory of living that contains some truths. From each particular lens, a version appears, of three, sometimes four, drives, instincts, or needs, differently named, but similar in quality, to the threefold approach being used here. Finding correlations, or links, or even differing semantics, is welcome, a collaboration in understanding from a variety of perspectives. 

The foundation chosen here, although it refers to Beuys, an artist with a deep interest in economics and money, is a re-wording of discovery from the psychoanalysis of groups. Over the many years that psychoanalytic thinking (an experiential observational inquiry) has developed, it has left behind early cultural misapprehensions, it has found affirmation from the newer discipline of neuroscience, as well as from practical results in particular applications (therapy being just one of these). For psychoanalytic thinking, often called psychodynamics, one of the biggest problems now is that of expressing valid and useful findings in ordinary language, so the information can be used by all, rather than using the specific technical language that is just as hard to understand as the languages of physics or literary criticism, or any other depth inquiry.

The next part of this exploration of how to make change in a monetary system will use this basic understanding of human life and its motivations, applying it to economics, the idea of “money”.

return to  Part 1 here, or Part 2 or Part3.

*look up almost any discipline and search for “basic human” …: Cultural anthropology, Sociology, Psychology, Genetics, Evolutionary biology, Economics, Neurology, Philosophy



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