SORAnomics

An alternative economic science based on Adam Smith and David Hume.

View our postsSimple Theory of Moral SentimentsSimple Wealth of Nations


Economics creates crises because it is based on sophistry



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"Nothing can be more absurd than this doctrine of the balance of trade. This doctrine supposes that when two places trade with one another, neither of them loses or gains if the balance be even. But if it leans in any degree to one side, that one of them loses and the other gains, in proportion to its declension from the exact equilibrium. Both suppositions are false. A trade which is naturally carried on between any two places is always advantageous, though not always equally so, to both. It is always the people’s interest to buy whatever they want the cheapest. This proposition is so very manifest that it is ridiculous to take any pains to prove it. It could never have been questioned had not the sophistry of merchants and manufacturers confounded the common sense of mankind."



The science of Economics was formalized after the marginal revolution of the 1870's . Economic beliefs such as profit maximization and equilibrium have led to subsequent crises, the best known being The Great Depression of the 1930's.






Objective vs Subjective



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Economics is based on Physics as proven by the extensive use of Calculus and the removal of Moral Philosophy during the mid-19th century. Prior to that, Economics was called the Political Economy which was largely based on law, morals, and not math.
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It's time for a change called SORAnomics

Economics prioritizes growth over sustainability, willing to destroy the planet for the sake of money and GDP.



New theories from the founder of Economic study, Adam Smith



Our proposed science called SORAnomics is a complete social science that has new theories to replace those of Economics

Soranomics
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The Invisible Hand of Human Dharma

Find out how SORAnomics turns the economy into a dharmic system that allows everyone to achieve their goals in life.

Read Article
Value Trade Theory

Find out how Purchasing Power replaces GDP as a measure of a society's wealth, without needing any new arbitrary index.

Introductory Article
Profit, Rent, and Wage cycles

Know the cycles of revenue in order to keep wages stable and avoid budget deficits and recessions.

Introductory Article