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" "The disease having been caused by allowing cleverness to displace wisdom, no amount of clever research is likely to produce a cure.
Ernst Friedrich "Fritz" Schumacher (16 August 1911 – 4 September 1977) was an internationally influential economic thinker with a professional background as a statistician and economist in Britain. He served as Chief Economic Advisor to the UK National Coal Board for two decades.
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The ownership and the consumption of goods is a means to an end, and Buddhist economics is the systematic study of how to attain given ends with the minimum means. Modern economics, on the other hand, considers consumption to be the sole end and purpose of all economic activity, taking the factors of production—labour and capital—as the means. The former, in short, tries to maximise human satisfactions by the optimal pattern of consumption, while the latter tries to maximise consumption by the optimal pattern of productive effort.
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It might be thought that the I Ching and the oracles are metaphysical while the computer model is "real"; but the fact remains that a machine to foretell the future is based on metaphysical assumptions of a very definite kind. It is based on the implicit assumption that "the future is already here," that it exists already in a determinate form, that it requires merely good instruments and good techniques to get it into focus and make it visible. The reader will agree that this is a very far-reaching metaphysical assumption which seems to go against all direct personal experience.