Economics is the operating system that binds and powers our societies. It connects everything and everyone. If there is one thing we need to get right it is our economic system. But our economic systems, and the thinking that created them, are looking outdated. The economy does not improve the living conditions of people in their everyday life. Our economic systems are not serving most people or securing our critical resources. But it does appear to serve a few.
There is no easy fix. It needs more than an upgrade. It needs to be re-imagined and rebuilt upon solid foundations.
Now is the time to think and imagine. To explore the possibilities and set course for a better future. Why not make economics fun and engaging? Why not develop a new operating environment that can adapt to our emerging needs? Let's make economics work. Together.
We reviewed traditional economic assumptions, principles, and various schools of thought. We asked ourselves fundamental questions such as:
Life coexists in ecosystems. The relationships are complex and dynamic. To survive and thrive each must adapt to changing conditions. This is known as evolution.
As humans we appear unique in our desire and ability to expand our operating environment. We seem to be 'consciously evolving'. How have we been so successful? It is no secret. The key lies in our ability to overcome obstacles that limit our progress. We have a long track record of achievement. We know this process as 'problem solving'.
The question we asked ourselves was:
"If problem solving is such a successful process, why aren't we all doing it"?
It would make sense if we recognised it, embraced it, and embedded it in how we live and work e.g. in our economic systems.
Image a system that improves people's well-being so they can evolve and grow. Enabling each generation to build upon the progress of the previous. A sustainable system that embraces life's key processes - a problem solving system!
To deliver a resilient economic system built upon solid foundations. A system that delivers well-being and sustainable growth for generations now and next.
We begin by "problem solving economics"! By problem solving we learn by doing. And in doing our language and conversations change. The questions we ask change. Our focus and measures change. The economic narrative changes. Our direction and outcomes start to be different.
BUMPONOMICS advocates an economic strategy based on meaningful problem solving. Why Bumponomics? Because it uses BUMPS to refer to life's obstacles, challenges, issues, and problems.
In traditional economic terms BUMPS represent situations that incentivise us to take action. They move and change us, and force us to make decisions. BUMPS are Big Unsolved Meaningful Problems worth Solving™.
This site serves as a gateway to BUMPONOMICS. Join-us in problem solving economics and help answer key questions such as:
Are you ready to open your mind, discover new perspectives, and see the world through a new lens?