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Theoretical and Applied Economics
No. 6 / 2014 (595)

The natural regulator

„Money has complicated the economic way of thinking and has changed the rational oversight over the material order.”

Economics emerged as a method for establishing rational cognition in the exploitation of the opportunities found in the material order. The most significant aspect is that it hasn’t insisted much on deciphering the natural manifestations of this order: the most prominent innovations of Economics were of an artificial nature.

Among these innovations, the most important role is played by money. Fatally, money has complicated the economic way of thinking and has changed the rational oversight over the material order. It has generated the operational structures which have favoured the abandonment of the drive to understand the consequences of utilizing to the limit the determinants of the natural material order. At the same time, the artificial order built on the structure of money has radically shifted the sense of the human action, which would now destroy the substance of the natural order for the purpose of sustaining performance in the artificial order.

The first consequence was that the market, as a regulator of the economic action, got to be viewed exclusively in monetary terms. For the elements of the natural order of the human action - such as offer and demand - the economic space of reasoning has an artificially structured regulator. It is as if the path of the vital sap from the roots of a tree to its fruits would pass through a plastic pipe, instead of through a natural trunk.

When described in monetary terms, the demand is not only alienated from its substance of the natural order (which is that of subsistence, or generally that of comfort), but it is severed from its cause and its vital functions. Its generic impulse comes from a will to make it unconditioned by life. Without being linked to life, with the state of grace in the natural, the human action tends to break away from its natural determinants. The functions of demand serve an illusion, the one of possibilities multiplied without limit by the expansion of the artificial offer. In these conditions, the mechanism as a regulator of economic action functions in a non-deterministic way.

Without any natural limitations, the game of offer and demand is practically no longer structured on the space of economic rationality. It is no fluke that it is now a rule for the production of added value to take place outside the intrinsic circuits of economic rationality. The underground economy, rent seeking, virtual money, the black market, the dual banking system etc. are all responsible for the most profitable part of the global economy. These are the exclusive configurators of the global order, concentrating wealth, generating debt and maximizing the risk of social polarization.

What was meant to be a regulating mechanism in rational terms, turned out to be a functional one in irrational terms. As such it is not the calculation which sets the path of the human action, but the manifestation of the psyche with regard to expectations, beliefs, sentiments and illusions. From here onwards it was easy for the irrational exuberance to become the source of profit, for notoriety to explain performance, for the stimulation of trust to create mass-choice and for the ritualization of decision making to anchor the finality.

Economics plays the role of the magic of the artificial, overturning the economic way of thinking. The regulating mechanism is composed of elements which sit contrary to the logic of the space of economic rationality.

The most puzzling thing is that Economics does not recognize that the sense of its cognition is given by the source of the randamental human action, by the man already driven by the vagaries of life to satisfy the needs pertaining to the natural order. It resembles a neurotic situation. The determinants of rational action should not have to confront and to be moderated by elements belonging to another order, because they essentially belong to the human nature, to the natural order specific to the species. The structuring of the space of economic rationality has a regulator which eminently originates in the human nature. The economic way of thinking settles around an element of the human nature. This natural regulator lends a normal sense to the human action, it institutes the rules for the logic of this action. This regulator is the common sense.

Centring the randamental human action on common sense constitutes the only possibility for human action to remain within the perimeter of the natural material order. Any other elements destined to become the object of human action, like the ones meant for intermediating needs such as money, would keep their status as means, as working instruments. They will also not become means in themselves, replacements for the elements of the natural order, of life.

The randamental human action can only reach the goals encapsulated in the human nature with the help of the means of the natural material order. The measure of the randamental human action is the measure of the human nature, which is the common sense. Otherwise everything would sit outside the natural material order and an empire of the self-sufficient artificial would be built, an empire would be contrary to the only authority which institutes and certifies the logic of the human action: life.

It has been said since ancient times that man is the measure of all things, either good or bad. The measure of human nature, for all it has which is either good or band, is the common sense. It is the centre around which gravitates everything pertaining to the human nature. Reality is configured according to its essentially human nature. Human action, which is started by the rational impulse of the human nature, is recognized as economic action. This one is not radically different in its determinants from the consequence of the will for doing, which is specific to the human nature. The economic state of rationality is itself a natural consequence of the regulator of the human action, which is the common sense. Thus, everything would belong the magical and rationality would be extra-human.

The multi-stratified currency sphere of today eclipses the light necessary for the finality of the randamental human action and it turns the planet of human nature into a desert of speculation. Under the thick cover of the currency sphere, the human nature manifests unnatural behavioural tendencies; it accepts extreme consequences or turns the universe of its feelings into robotic mechanisms. Taking the human nature out of the control of the artificial, its regeneration and the re-founding of the natural order demand the use of a natural regulator. Common sense is the only solution. The rest was proven nothing but delusion.


The natural regulator
Marin Dinu

Open acces




The Economicity. The Epistemic Landscape, Marin Dinu, 2016


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