ABSTRACT
Chapter 5 argues that the recontextualisation of modern macroeconomics becomes dependent upon its culturalisation. The analysis presents major concepts and principles of an evolutionary, holistic approach to financial macroeconomics. Emphasis is paid to cultural and financial processes of variation, selection and dispersion that drive micro-meso-macro co-evolutionary structures of income and cash flows that determine waste, effective demand, employment and growth. Macroeconomic change is seen in terms of the impact that established pecuniary habits of thought have on industrial and pecuniary efficiency. The building of a macroeconomic safety net and an evolutionary targeting fiscal policy and central banking appear to be critical for the establishment of a workmanship-led regime to institutionalise cultural consistency among the various sub-systems of a market economy and promote full employment, financial stability and social provisioning.
