PureInsight | December 17, 2001
The predominant school of thought in modern economics is established on fallacies. Since “economics” as a concept arose during the Dharma-ending period, the basis on which it rests was deviated to begin with (much like “politics”).
One of the most central tenets of modern economics is that people are fundamentally selfish and their economic decisions are based in the pursuit of self-interest: they will make whatever choice best serves their own interests.
“Economics” began as an observation of trends and patterns that were emerging in society, during a period when, indeed, human hearts were becoming more corrupt. Then, theories were constructed based on those observations, and things gradually changed around such that “laws of economics” then dictate human behaviour, restricting people.
Actually, human beings of the future will undoubtedly be kind-hearted and less selfish. “Economics” may well not even exist then, since what they do could not all be based on the pursuit of self-interest and material gain, but rather based on the striving for virtuous, higher realms.
