I wanted to write a paper about economics and my vision for the future. However, in doing some research, I realize there are all kinds of papers on economics, including new economics, traditional economics, ecological economics, environmental economics, spatial economics, economic geography, and any I haven’t gotten around to yet.    In addition to papers, there is a wide variety of books on the topics.   Maybe we ought to get somebody who’s smarter than me to go through all these papers and books, summarize them, and come up with a simple yet effective way to map and analyze economics from fine scale to broad scale, past, present, and future.  From what I can tell thus far, we must have ecological economics that values ecosystem services.   I learned that biodiversity has an infinite value because it’s so essential to our world’s stability and to the cumulative totality of creation.   Whatever brand of economics we choose, or if it’s an integration of several of the ones mentioned, we need to analyze and understand patterns in our world and respond to them with investment.   I’m not sure how supply and demand will be mapped and analyzed, and I’m in favor of holistic, durable goods and holistic supplies, preferring organic over conventional.

My recent exploration into the vast and intricate domain of economic thought, initially sparked by an ambition to articulate my own vision for the future, has revealed a landscape far more diverse and profound than I first imagined. The sheer breadth of existing economic paradigms—from classical and neoclassical theories to emerging fields like ecological economics, spatial economics, and economic geography—presents a formidable challenge. While each offers valuable insights, there appears to be a fragmented understanding that hinders our collective ability to navigate future complexities.

This realization has led me to a crucial conclusion: what we urgently require is a synthesis. We need a concerted effort to distill the wisdom contained within these myriad academic works and practical applications into a singular, yet profoundly effective, analytical framework. This framework should be capable of mapping and interpreting economic realities across all scales—from localized micro-patterns to overarching global trends—and throughout historical, present, and future trajectories.

Central to this proposed framework must be the unequivocal integration of ecological principles. My initial studies strongly underscore the critical role of ecological economics, which places intrinsic value on ecosystem services. Indeed, the concept of biodiversity, in particular, resonates as possessing an inestimable, arguably infinite, value. Its essential contribution to global stability, resilience, and the cumulative richness of life on Earth transcends mere quantifiable metrics.

Furthermore, this new economic paradigm must champion a holistic approach to production and consumption. Our focus should unequivocally shift towards the promotion of durable goods and sustainable supply chains, with a clear preference for organic and regenerative practices over conventional, often extractive, methods. While the precise methodology for integrating traditional supply and demand dynamics within this broader, more nuanced analytical lens remains a compelling area for innovative exploration, I am confident that a holistic perspective will yield transformative insights.

The ultimate utility of such a framework would lie in its capacity to not only illuminate intricate global patterns but also to directly inform and guide strategic investment decisions, ensuring they are both resilient and regenerative. I believe this integrated approach is paramount for fostering a truly sustainable and equitable future. I am eager to discuss these concepts further and explore potential avenues for developing such a comprehensive economic understanding.

Sincerely,

Richard Thomas Simmons