On the need for a new transdisciplinary paradigm
In their quest to capture reality, the natural sciences have reduced reality into parts and fragmented them into smaller and smaller segments, revered the smaller segments and started treating them as the whole till they lost sight of the whole; believed in a unidimensional empirical reality that demands physical proof for everything, tangible or intangible, thereby clinging to the notion that existence necessitates tangibility; espoused the doctrine of causal determinism that any state is completely determined by prior states, thereby implying that the future is determined completely by preceding events and physical laws; viewed complexity from a linear perspective; claimed that mind and matter are two ontologically separate entities.
The social sciences are no better. They, in trying to know reality, aped the natural sciences: humans were reduced to atoms. The social sciences conformed pathetically to the existing norm then. To this day, regardless of how relevant they are to measure a human being, physical laws and sciences still influence (read determine) the social sciences.
The need of the hour is transformation. A transformation that can peacefully usher in a new paradigm of thought. An all-inclusive, interconnected, transdisciplinary paradigm that treats human beings not as isolated atoms but as those interconnected within the larger framework of the society. A new paradigm in economic thought should be inclusive of a radical thought in ecology, law, social development, psychology etc.
The world need to focus exclusively on the need for an inclusive science of transdisciplinarity that not just transcends conventional reductionist thinking but turns crises into opportunities — not by ignoring the past and brushing away the lessons it has to offer but not to repeat the mistakes made and becoming conscious, which is fundamental to the process of social evolution. We should seek to unify and reconcile economic welfare, psychological well-being, ecological safety, peace and security in the planet, individuality and social development.
One word cannot form a book, one single part of a machine cannot perform the function of the whole; likewise, no problem can be solved or better yet, converted into an opportunity by looking at it in isolation. The human being being has to be viewed in the context of the society he lives in. Economics, if it doesn’t get transformed now, runs the risk of producing endless variations of econometrics, not cater to social and individual development and well-being.