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mouatt, simon
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Religion Humanities Economics, Econometrics & Finance Social Sciences

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Critical Thinking: A Prerequisite for a New Economics Paradigm mouatt, simon
Journal of Critical Realism in Socio-Economics (JOCRISE) Vol. 1 No. 2 (2023): Search for the Socio-Scientific Core of Critical Realism
Publisher : University of Darussalam Gontor Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (469.874 KB) | DOI: 10.21111/jocrise.v1i2.9

Abstract

In this paper I posit that most of the serious existential crises faced by humanity are, directly or indirectly, derived from a flawed, yet surprisingly resilient, economic philosophy. The free-market system has certainly produced some benefits, which may counterbalance some of its detrimental impact, but given the persistence of euphemistic and managed narratives in the mainstream political, academic, and media realms, most critical debate is stifled. The paper suggests that it is imperative for the extant research paradigm to be first fully critiqued, then transformed, and finally adopted by the political classes. If a new paradigm gains sufficient traction, however, it will have succeeded where the neoliberal critics of the last fifty years have failed. This paper hopes to offer people fresh insight into this hitherto insurmountable problem.
JOCRISE Paradigm, Methodology & Economics: an accurate view of reality Shakespeare, Rodney; Mouatt, Simon; Challen, Peter
Journal of Critical Realism in Socio-Economics (JOCRISE) Vol. 2 No. 1 (2023): JOCRISE: NEW PARADIGM PERSPECTIVES IN CRITICAL REALISM
Publisher : University of Darussalam Gontor Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jocrise.v2i1.41

Abstract

JOCRISE is embarked upon a project of universal, even cosmic, significance. Rejecting the outdated, inaccurate and static understanding of reality which underlies mainstream economics, the Paradigm provides a new, accurate and dynamic understanding of our changing world. The new understanding is not reductionist and encompasses many subjects (including history, sociology, psychology, religion, environment, anthropology, technology and epistemology). The result is an ability to find solutions for major global problems (e.g., persistent poverty, depletion of resources and environmental depredation) which, at present, appear to be insoluble. The Paradigm’s potency is comparable to that of the Copernican Revolution which overthrew the concept of an Earth-centred universe and replaced it by a sun-centred one with consequences including today’s political democracy (i.e., the vote) as well as modern astronomy and rocketry. Just as the Revolution introduced a new methodology for astronomy, so the Paradigm introduces a new Methodology for economics which:- establishes that mainstream economics is founded upon fifty nine false, outdated, interconnected assumptions about reality reverses the false assumptions whereon the reversals (or opposites) are easily seen to be true and can therefore form the components of the new Economics with hugely beneficial consequences. The ‘Great Reset’ is a phrase describing the proposals of the World Economic Forum which will concentrate all economic power into the hands of the few rather than putting economic power into the hands of the many. The Paradigm has areas needing development (see Appendix Two). Readers are encouraged to make the development and so forward the progress of the Paradigm as a whole.
Co-Authors Challen, Peter Rodney Shakespeare, Rodney