SORANOMICS

The study of social resource allocation (SORA) based on the Adam Smith and David Hume.



Economics creates crises because it is based on sophistry

Society fights itself

Society works together

"Nothing can be more absurd than this doctrine of the balance of trade [modern equilibrium]. 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." Wealth of Nations Book 4

Has your common sense been confounded?


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. The failure of DSGE during the 2008 Financial Crisis proves the perpetual absurdity in Economics.

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.

Economics was created by Paul Samuelson from MIT which is a physics school. In contrast, David Hume and Adam Smith came from University of Edinburgh and Glasgow which had a balance of arts and engineering.

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Global Economic Data in Real Time

Do you need to know the global GDP right now, or how good or bad your economy is doing each day?

SORAnomics uses the SORA system of servers to feed essential economic data to a central analytics portal in real time. It will use Purchasing Power instead of GDP, and grain values instead of currency values to sustain economies even during a financial crisis. It can render information asymmetry obsolete since everyone can have access to the same information.

See our Purchasing Power Portal demo

More jobs for Economists


Economists can be converted to SORAnomists to work on each decentralized economic node, instead of working for centralized finance, research, or the public sector as is the usual career path in Economics. We estimate that one SORAnomist is needed per 100,000 population and will have the following skill sets, one of which is moral philosophy which is currently absent (otherwise the concept of 'externality' would not exist since to moralists, the human species is one entity)


Our goal: Socio-economic singularity

A situation where a single artificial intelligence becomes the impartial spectator which coordinates all supply and demand


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Our other goal: The Ideal Commonwealth


Adam Smith's decentralized economic system integrates seamlessly with the decentralized political system proposed by his best friend, David Hume. If you feel that your country's democracy has been hijacked by a foreign country or vested interests, then this system is for you as it will have so many nodes that it would be difficult for any group to control all.

"As one form of government must be allowed more perfect than another, why may we not enquire what is the most perfect of all..though it be not so easy to establish a new system of government? In some future age, an opportunity might be afforded of reducing the theory to practice, by the combination of men to form a new one, in some distant part of the world" David Hume
Phase 1: Centralized

National Gov't: Executive (+ Army) + Legislative + Judiciary
Local Gov't
Phase 2: Federalized

Federal Gov't: Executive (+ Army) + Legislative + Judiciary
Local Exec + Legislative + Judiciary
Local Exec + Legislative + Judiciary
Phase 3: De-centralized

Council (small army) + Legislative + Judiciary
Local Exec (militia) + Legislative + Judiciary
Local Exec (militia) + Legislative + Judiciary


It's time for real change

SORAnomics can render Capitalism and Communism obsolete

Capitalism wants profits but destroys the environment. Communism wants social justice but destroys freedoms.

SORAnomics is based on Smith's Wealth of Nations and Hume's Treatise of Human Nature. The latter brings real wealth while the latter gives freedom, all bound by a moral system from the Theory of Moral Sentiments. In this way, the original goals of both Capitalism and Communism are achieved, respecting the role of all social classes and making them work together through their division of labour or teamwork.



New theories from the founder of socio-economic* study, Adam Smith

*SORAnomics focuses directly on the happiness of society, including those of animals, whereas Economics focuses on getting money (which is shallowly thought to bring happiness)



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.

Profit, Rent, and Wage cycles

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

The Proper Replacement to GDP

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