Potted Review of Economic Theory: The Complex Evolving System

Abstract

This chapter provides a generalized reflection to understand the need to upgrade our understanding of economics and society within a harmonic and responsible relationship with our environment. We need to accept that the mother of all real economies and harmonic evolution is the creative ability to introduce innovative, adaptive change. We argue, through an historical overview of political and economic choices, how we deviated from this basic understanding up to a dramatic point of bankrupting our natural environment and interhuman relationships. It can be perceived as a potentially unnecessary, unprecedented and manipulated human tragedy. Or we can address it as powerful evolutionary awareness impulse to modify and innovate our societies and economies into a new era, including our common functioning around core universal values and responsibilities. The latter became the transformative research of this sustainocratic venture.