Neoclassical Economics vs Classical Economics

by Juan

Superphysics is our revival of Classical Economics, backed up by actual data which is visualized through data science and analytics. This data spans 2,500 years, from Xenophon’s The Economist up to the latest GDP data.

In contrast, Modern Economics only began from the Marginal Revolution of the 1870’s. This makes it a toy idea that crashed quickly after 50 years as the Great Crash and Depression. Nowadays, this toy idea manifests as gaming via game theory, the stock market, and cryptocurrencies, all coming from the mercantile game of buying low and selling high.

Idea	Economics	Superphysics
Material Goal	Private Wealth separate from government and morality To me, these two very distinct inquiries have been..separated, the term political economy being now confined to the science..of wealth, and that of politics, ..the relations.. between a government and its people"Jean Baptiste Say	Wealth of Society integrated with government & morality Political œconomy..proposes to enrich both the peopleand the sovereign."The Wealth Of Nations
Moral Basis	Uncertain morality progress has..(questioned) whether it is.. impossible that all should start in the world with a fair chance.. The question cannot be fully answered by economic science. For the answer depends.. on the moral and political capabilities of human nature (which) the economist has no.. special.. information"Alfred Marshall	Fellow-feeling (Theory of Moral Sentiments) In every civilized society..there were always two..systems of morality.." The Wealth Of Nations Book 5
Psychological Goal	Pleasure to maximise pleasure,is the problem of Economics"William Stanley Jevons	Peace of Mind In what constitutes the real happiness of human life.. In ease of body and peace of mind, all the different ranks of life are nearly upon a level" Theory Of Moral Sentiments
How To Achieve Goals	Through Competition and Profit Maximization	Through Working Together or the Division of Labour and Stock
Main Interest	Business Interests (Society Works for Businessmen)	Societal Interests (Business Works for Society)
Motive And Measure	Supply or Production Motive measured by GDP it is the Aim of Good Government to Stimulate Production, of Bad Government to Encourage Consumption."Jean Baptiste Say while the GDP and the..national income accounts may seem to be arcane concepts, they are truly among the great inventions of the 20th century."Paul Samuelson	Demand or Consumption Motive measured By Purchasing Power consumption is the sole end and purpose of all production; the interest of the producer ought to be attended to only.. for promoting that of the consumer."Book 4, The Wealth Of Nations. the gross revenue of (society) comprehends (their) whole annual produce.. (their) net revenue (is) what..they can place in their stock reserved for immediate consumption.. their real wealth.. is in proportion,not to their gross, but to their net revenue."Book 2, The Wealth Of Nations
Pricing System	Nominal (money) Prices Only	Nominal (money Or Metals) And Real (grain) Prices
Main Theory	Equilibrium Theory And Marginal Utility	Natural Price Theory And Effort Theory Of Value
Historical Examples	United States, Modern Countries	Roman Republic, Ancient China And India
Main ‘scripture’	Principles Of Economics (Marshall), Economics (Samuelson)	The Wealth Of Nations (Smith), The Republic, The Economist (Socrates)
Main Techniques	Calculus, Equations	Metaphysics, Dialectics, Ratios
Task For Economists	Economic Growth	Economic Balance

The Huge Knowledge Gap in Economics

Economics creates crises because of the huge gaps in knowledge about the nature of society and the self, since it only had 150 years of data on human behavior. An easy proof of the limitation of Economics is the Law of Supply is Demand is taught, but not the Four Laws of Value that lead to that Law of Supply and Demand

In contrast, Superphysics has over 2,500 years of knowledge from principles and data collected by philosophers before they were converted into scientists or researchers