Ontological Economics

Ontological Economics is an emerging field that explores the relationship between our understanding of existence (ontology) and economic behavior. It posits that economic systems are shaped not just by numbers and markets, but by the values, beliefs, and identities of individuals and societies. This approach emphasizes how our perceptions of reality influence economic decisions, suggesting that shifts in understanding can lead to changes in economic practices. It encourages a holistic view, integrating philosophy, psychology, and social context into the study of economics, aiming for a more sustainable and meaningful economic framework.