Quantum economics is an extension of Adam Smith’s capitalism in the right direction because it is based on a scientific worldview that incorporates the matter-mind, religion-science compromise that prevailed in Smith’s time and clearly influenced him. The new economics makes room once more for both mind and matter in the economic arena, only this time in an integrated scientific way. Consequently, the new economics makes capitalism ever more appropriate for conscious human beings. It puts not only our gross material side into the economic equation, as Adam Smith had, but also our subtle side – consciousness, feeling, meaning, and intuition – which Smith failed to include explicitly; it was premature in his time.
Although you probably don’t consciously think about it, the most striking experience on your subtle side is your experience as the subject of awareness. Awareness has two poles, subject and object. And in every experience, you are the subject experiencing the object(s). Consciousness, in its subject aspect, is obviously important in how we make business decisions, both on the production side and on the consumption side. Can these decisions arise from the interactions of elementary particles of matter, even from the interactions of our genes? It boggles the mind as to how it could, although materialists try to ascribe everything that appears to be causal at the human level as an epiphenomenon of the survival motif of the genes. In economics, this attitude translates as the supremacy of competition as the operating word for businesses. However, our recent experiences have been clearly showing the importance of cooperation as well.
Materialists try to undermine the causal power of our subjective “I” further by pointing out the conditioned nature of this “I”, the ego. Who can deny the power of conditioning on the human ego? Who can deny that even many business decisions, both for producers and for consumers, display the effect of conditioning – personal and social. Indeed, commercial conditioning of the social unconscious is very powerful. But is that always the case? Who can deny that creative business decisions and new innovations always move the economy forward? Who can deny that acts of creativity are not examples of conditioned “machine creativity”? Who can deny that – ethics in human decision-making comes from wisdom – a higher consciousness than the ego?
Adam Smith’s capitalism, although prone to the ups and downs of the business cycle, highly valued creativity and innovation, recognizing how they are needed for the economy to come out of the periods of recessions. So the consciousness Smith’s capitalism implicitly assumes must extend beyond its conditioned aspect of the ego. It boils down to the question: Does consciousness have causal power, does it extend beyond the ego?
Are materialists right in veering capitalism down the garden path they have? It boils down to the question: Are we machines, or does our consciousness have the causal power that enables us ethics and creativity? Is the causal power of consciousness really important in business decisions?
(Source: Amit Goswami PhD, “Quantum Economics”)