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2018 | OriginalPaper | Buchkapitel

26. “The Sacred Symphony” (Overture)

verfasst von : Stephen Hill, Stomu Yamash’ta, Tadashi Yagi

Erschienen in: The Kyoto Manifesto for Global Economics

Verlag: Springer Singapore

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Abstract

Chapters in the Conclusions Suite overview the evolving argument of the book, represented in the previous ‘Movements’ of the argument’s Symphonic form. Chapter 26 presents the opening argument of the ‘Overture’ which developed the objective of the book and necessary inputs to achieve it. Emphasis is placed on the dangers of the ‘frame’ imposed on current society by global economics by which humanity’s values are commanded along with ways of communicating, building community and experiencing our spirituality. Eastern values and the relationship of humanity to cosmic phenomena (as represented in quantum physics), ‘sunspot’ (extrinsic factor) equilibria in economics, the role of human trust and emotion, alternative (Buddhist and Islamic) premises for economics, are brought together into a progressive search through different levels of society for the ‘Manifesto’ conclusions.

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Fußnoten
1
The metaphor of ‘sunspots’ was developed somewhat whimsically by David Cass and Karl Shell in 1983, from the earlier econometric work of William Stanley Jevons who explored correlation between sunspot activity and the price of corn, publishing his results in Nature in 1878. Cass and Shell used the metaphor as shorthand for the technical term, “extrinsic random variable” (Cass and Shell 1983). For an example of application of the concept in econometrics, see Kamihigashi (1996).
 
Literatur
Zurück zum Zitat Cass, D., & Shell, K. (1983). Do Sunspots Matter? Journal of Political Economy, 91(21), 193–228.CrossRef Cass, D., & Shell, K. (1983). Do Sunspots Matter? Journal of Political Economy, 91(21), 193–228.CrossRef
Zurück zum Zitat Kamihigashi, T. (1996). Real business cycles and sunspot fluctuations are observationally equivalent. Journal of Monetary Economics, 37(1), 105–117.CrossRef Kamihigashi, T. (1996). Real business cycles and sunspot fluctuations are observationally equivalent. Journal of Monetary Economics, 37(1), 105–117.CrossRef
Metadaten
Titel
“The Sacred Symphony” (Overture)
verfasst von
Stephen Hill
Stomu Yamash’ta
Tadashi Yagi
Copyright-Jahr
2018
Verlag
Springer Singapore
DOI
https://doi.org/10.1007/978-981-10-6478-4_26