Monday, 25 May 2009

Traditional 'Economics' is dead

Take a look at the post I've put on Stephanomics blog no 23 (leanomist) below:

"I'm interested to know what Stephanomics actually is ... and what philosophies it espouses? 

Traditional 'economics' is out-of-date and effectively 'dead' ... and Poweromics* has had its day too ...

But what will replace it and when will it be replaced ... some of us are already working out the answers** ... as a few highly insightful leaders predicted it over 20 years ago ..."

* Poweromics = People using position and power for their own personal gain, based on poor moral values, self interest and greed.

** Leanomics = People taking responsibility for adding value and continuously improving the situation for others (e.g. customers, communities, overall environment), based upon fundamental values such as trust, honor, responsibility and respect.