The End of Conventional Economics — Redefinition through Relational Existence and Nonlinear Economic Models
Year: 2025
Type: article
Abstract: This project presents a philosophical and mathematical critique of conventional economics, from classical to neoclassical, Keynesian, and Marxian frameworks. It argues that the foundational assumptions of stable growth and rational agents are no longer valid in a world characterized by technological innovation, environmental constraints, and structural social change. Using the theory of relational existence, the study introduces a nonlinear, dynamic model of value generation based on networks of relationships, information, and trust. The work shows that market equilibrium becomes inherently unstable when network effects are incorporated, and concludes by proposing a shift from the flow of goods to the flow of relations as the core of economic theory. This work is an independent philosophical and theoretical contribution requiring no external references.
Author: Nemoto, Ryusho
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7084237813
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