This is the public site of our proposed science of SORAnomics or 'Political Economy version 2.0' which is meant as an alternative to current economics or 'Mercantilism version 3.0'.
It is a subset of Social Superphysics which is a part of Superphysics derived from David Hume's Science of Man, which is a paradigm that sees the universe as waves (sentiments, cycles) instead of as particles (money, atoms). Its unmanifest part is The Theory of Moral Sentiments while its manifest part is The Wealth of Nations
It is in the same camp as the Socrates-Plato (Western) and non-dualistic Hindu-Buddhist-Taoist (Eastern) family of beliefs. It is opposed by the dualistic camp of Aristotle, Dialectic Materialism, and Objectivism (Western) and the caste system and Confucianism (Eastern).
Economic science was created in the 19th century by intellectuals who championed the cause of businesses, which is to maximize profits based on the paradigm of personal utility or pleasure for the benefit of the self. This is in stark contrast to the old science of the Political Economy which advocated to maximize the benefit of the whole society through proper government policies and regulation, and was based on moral philosophy.
Economics
"The market equilibrium comes at that price and quantity where the forces of supply and demand are in balance. At the equilibrium price, the amount that buyers want to buy is just equal to the amount that sellers want to sell. The reason that we call this equilibrium is that, when supply and demand are in balance, there is no reason for price to rise or fall, as long as other things remain unchanged." Economics
SORAnomics
"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." Wealth of Nations Book 4
Communism
"Within the co-operative society based on common ownership of the means of production, the producers do not exchange their products; just as little does the labor employed on the products appear here as the value of these products, as a material quality possessed by them, since now, in contrast to capitalist society, individual labor no longer exists.. The phrase "proceeds of labor"..thus loses all meaning.' Critique of the Gotha Programme Part 1
The political economy was replaced by economics through the marginal revolution in the 19th century. This revolution created the philosophy that created liberal economic systems which allowed the rapid but unsustainable economic growth of the Western world in the early 20th century. It was unsustainable because, although it produced the prosperity of the Roaring Twenties, it also created the Great Depression which prompted people to look for alternative philosophies like Nazism, Fascism, and Communism, eventually leading to World War 2.
- If Mercantilism version 1.0 and its child called Colonialism were born in 1664 with Thomas Mun's book, then it ended in 1772 after 108 years with 1772 credit crisis, Boston Tea Party, and independence of America
- If we put the start of Economics or Mercantilism version 2.0 and its child called Capitalism in 1871 (when Jevons' book was published), then it would've ended after 58 years in 1929 during The Great Crash
- The rival philosophy called Communism with its child called Communist Revolution lasted for 74 years (from 1917 to 1991)
- Economics later mutated into Neo-classical Economics or Mercantilism version 3.0 with its child Global Capitalism beginning in 1944 via Bretton Woods and died again in 2008 with Lehman Brothers, or 64 years
- Neo-classical Economics will likely mutate into MMT or some totally debt-driven system after the next global crisis (Update March 2020: That next crisis turned out to be the corona virus, coming in 15 months later than what our model predicted for the crisis to start)
SORAnomics makes humans work together
Social Superphysics organizes societies into four classes, derived from Plato and the Vedas.
In Feudalism, the ruling class (those who live by rent) dominates. This is called 'right wing' and 'conservatives' in the West, and Kshatriya in Hinduism
In Capitalism, the merchant class (those who live by profit) dominates. This is called 'right wing' and 'liberals', and Vaishya in Hinduism. 
In Theocracy or Technocracy, the intellectual class (those who live by donations) dominates. This is called Brahmin in Hinduism. This has the strongest affinity for the metaphysical dimension and is the least common of the four.
In Communism, the worker class (those who live by wages) dominates. This is called 'left wing', 'socialists', and 'peasantry' in the West, and Shudra in Hinduism. This has the strongest affinity for the physical dimension. It is very common.
In SORAnomics, workers, rulers, and merchants work together. Unlike Communism, there is no class struggle. Unlike Capitalism, people get the fruits of their own labour. The four classes match the four varnas of Hinduism and the four governments of Plato as Aristocracy, Tyranny, Oligarchy, and Democracy respectively, unifying East and Western social philosophies.
Our system aims to use the timeless maxims of Adam Smith to create a sustainable system based on the Effort Theory of Value, maintained by socio-economic justice, and grown through beneficence and fellow-feeling. These systems prosper slowly but surely, instead of having boom and bust cycles. Its maxims can be found in the following works which have been simplified for easier reading:
- Simple Wealth of Nations
- Simple Theory of Moral Sentiments
- Spirit of the Laws Book 2 by Montesquieu
- Simple Economic Table by Quesnay
