Hack:
EXCENOMICS- a brand new interdisciplinary discipline that promotes innovation

 Excenomics an alternative to Capitalism , Socialism, Communism, Economics and Management

The writing on Wall Street shows that Excenomics is the answer to the world's as well as individual's ills at the social, intellectual, spiritual, emotional and pyschological planes. Challenge your own status quo and keep at it, till you move to the next level of excellence. Excellence relies on proactive collaboration between people and competition with oneself. Capitalistic competition produces greed,elitism, inequity, war, hunger, oppression, exploitation, exclusion. It is a wasteful model even as the communist and socialist model is oppressive, non motivational, non productive and tyrannical.

“In the long-run, we are all dead. Economists set themselves  too easy and  too useless a task if in tempestuous seasons they can only predict that when the storm is long past and the ocean is flat again”  - John Maynard Keynes

J. M. Keynes made the above statement in the context of his own days when the science of economics tried to explain most of its concepts in terms of the long-run effects of observed economic phenomena and thus failed to predict the important fluctuations that took place in the short-term. In essence, this view holds good even in today’s context when we see that economics has not been able to pin point and alert on the short term phenomena that lead to major economic crises such as the global melt down.  When Queen Elizabeth II visited the London School of Economics, one of my alma maters, she asked the head of the department of Economics " Why is it that you economists were not able to predict the  current global meltdown?" He replied that it was the collective failure of many bright minds. I would say it was more than that it was the wilful failure of many bright minds who knew that it was coming and took their bonuses and benefits and abandoned the sinking ship.  It is because of the simple fact that there is a palpable erosion in the level of commitment or passion in achieving personal and professional excellence in the diverse fields of human activities now-a-days. If the passion is there in the professionals, then they would be able to see the dangers present or potential very clearly and alert the powers that be for immediate action to address/prevent them. So, the need of the hour is to inculcate this passion in to the lives of people in whatever they do and whenever they do. This applies not only to economics professionals but also to other professionals such as those in management, administration, engineering, medicine, education, research and whatever. What is now sought to be achieved is a marriage between excellence and economics – that is, Excenomics.

Failure of modern education.

Modern day education has failed to integrate composite ethics and multiple quotients and has therefore failed to have a transforming effect on individuals. organisations, business and nations. It has created a large number of individuals with knowledge but little or no wisdom leading to recurring scams, exploitation, excessive greed and so on. Even the modern techniques of self growth and personal development like Positive Thinking, NLP,autosuggestion etc have failed to achieve this intersection of ethics and quotients. It is time to lead the world from a knowledge economy to a wisdom economy. The current ongoing recession is a reflection of the failure of Economics and Management and we must begin to read the writing on the wall instead of clutching onto the straws of modern civilisation. There is need for re-engineering at the civilisational level

Excenomics  is a new global discipline which seeks to integrate economics, management sciences and education in to a harmonic, dynamic and workable model of human development. It seeks to learn from the failures of other models in helping the holistic development of individual excellence vis-à-vis the development of human societies. It is not a new conundrum to obfuscate people’s understanding of the process of human development but a perspicuous harmonizer of individual human effort to achieve excellence as the binding element of the development process.

Even though the term ‘excenomics’ connotes excellence and economics, in effect it lays much in store on sustained individual excellence in all human efforts. It has more to do with attitudinal aspects of such efforts rather than their quantum aspects. It is a discipline that promotes interdisciplinary creativity and innovation connecting all possible known domains of knowledge and endeavour. In other words, the essential principle of excenomics is that if individual excellence is strived for in all actions, its impact would be palpable in societal striving for excellence. Such a state would provide the panacea for all the ills witnessed today on the different fronts of human existence- social, economic, intellectual, spiritual, emotional and psychological.

Excenomics is not only an alternative economic model but also an alternative education model. It would aim at an education system that imparts life skills to students such that they could better cope with the challenges of life. Such life skills would again be based upon excellence in performance. By logic, this would mean that the teaching system should also strive for excellence in what it seeks to achieve. An important implication of this is that that if all of humanity are taught to pursue excellence in the altered paradigm of priorities, namely, attitudes, skills and knowledge (ASK), automatically, the nomics or numbers or quantitative results in terms of  production, productivity, profitability and income would  automatically rise to their highest level. So would human values. Would that not make the world a better place to live in? It sure would.

One would like to start at the very foundation, that is, start with pre-primary and primary education levels and traverse through middle, higher secondary and further levels of higher education, including professional, technical and other fields of higher learning. Evidently this would call for efforts to build capacity in the teachers at the different levels that would enable them to achieve excellence in what they seek to impart to their wards. Right now, excellence in teaching is largely confined to high-end schools and colleges, which can be accessed only by the rich and influential people. Most of rural schools and urban schools for the poorer populations are not in a position to recruit, train, motivate and retain teachers of such excellence on their rolls. The results are obvious.