ABSTRACT

The lesson of Parts II and III is that today’s mainstream economics is endeavoring to deal with systemic complexity, the neurological bases of economic motivation, the role of culture in institutions, and the development of human consciousness – all within a Right-Hand perspective that either (a) reduces collective worldviews and individual consciousness to issues of system-and-brain interaction, or (b) functionally subordinates Left-Hand issues to Right-Hand ones. Property (a) is characteristic, as we saw, of the whole cutting-edge movement of complexity economics, behavioral economics, and neuroeconomics. Property (b) is characteristic of what is perhaps the most sophisticated and pseudo-Integral approach today, that of Douglass North in his latest work (2005).