The missing variable: human psychological posturing as it translates into macroeconomic trends
I believe the current economic models do not sufficiently stress the importance of human psychology and the resultant group behavior in economic modeling. Here is how I view human economic activity as analyzed from the perspective of the smallest unit of any economy - a single human being: There are four psychological postures that humans exhibit in order to acquire goods and services: Predator Scavenger Producer Parasite Those four psychological postures are generally not taken into account in economic modeling. I believe that depending on which psychological postures predominate within various societal groups - correspondingly different macroeconomic trends are exhibited within the state. During the past two decades the American social discourse overwhelmingly favored and rewarded predatory and parasitic dispositions while the state has taxed the producers (the working, tax paying middle class) to a point where no economic gain was achieved by the very part of soc...