Adam Smith’s Invisible Hands Revealed!!
Professor Richard A. Werner has conclusively shown that the invisible hands of the modern market are commercial banks which create money out of nothing!! (Can banks individually create money out of nothing? — The theories and the empirical evidence, How do banks create money, and why can other firms not do the same? An explanation for the coexistence of lending and deposit-taking, and A lost century in economics: Three theories of banking and the conclusive evidence.)
He has also shown that the general equilibrium theory of economics makes many assumptions that are not satisfied in real life, hence falsifying the expectation that the market clears via the pricing mechanism and brings about the most socially optimal distribution of goods and services by rational self-maximising agents. (Please see the slides below from The Quantity Theory of Credit and Some of its Applications.)
Going over slide 60 above, it immediately dawned on me that the assumptions that were made for market equilibrium are actually the properties of the unified information field recently disovered by Ervin Laszlo called the Akashic field, quantum vacuum, cosmic plenum or zero-point energy field. This field is a hologram that is able to store and process all information nonlocally. Since at its deepest level all matter are standing or propagating waves of energy and information coherently interacting and co-creatively interfering with each other instantaneously, equilibrium is always statisfied.
This then puts Adam’s Smith invisible hand in a new light and identifies the market with a life economy. In this light, since we are macroscopic quantum systems, rational maximising self-interest is grounded in coherent life growth and development within and among other agents of the collective. By individually focusing on increasing the life-valued fields of thought, felt side of being and action, this would freely and effortlessly bring about the most coherent life-enabling social outcome.
This is probably the spirit of Smith’s invisible hand which he sensed and intimated but could not have consciously described and defined until the quantum revolution was ushered in and its cosmic implications established. Since we all are macroscopic quantum systems, we already come plugged-in for free to this computational mechanism that if heeded without restraint or distraction can coordinate and guide the production and distribution of universal human life necessities from unused life resources to unmet life needs. Thus the more we are able to tune-in to the Akashic field and the less we are distracted by life-disabling and life-decohering activities, the faster society would be able to transform to supercoherence, and avoid societal collapse.
So the life-coherent goal of humanity is not to grow the market economy without from top-down, but to grow the life economy within from life-ground bottom-up. Since we are all entangled and interact non-locally, the ripples of our life-focus and growth will influence all others positively, and we would be able to, via phase-conjugate quantum resonance, help effect the change in the world we have started within ourselves. This is the most empowering perspective imaginable, thanks to the invisible hand of the Akashic field, the cosmic life ground and the ultimate free lunch.
Interestingly, a mathematical understanding of the spectral information processing that goes on in the Akashi field can be obtained from the Fourier transform. (Please see Ervin László’s Holofield (The Akasha) And David Bohm’s Implicate Order by Shelli Renée Joye, BSEE, MA, PhD and The Pribram-Bohm Holoflux Theory of Consciousness: An Integral Interpretation of the Theories of Karl Pribram, David Bohm, and Pierre Teilhard de Chardin (Dissertation)).