Economics, Self-Awareness and Self-Mastery: a proposed Framework

Abstract

The COVID-19 pandemic has not only caused a widespread emotional distress in the forms of fear, depression and anxiety, but has also generated a global economic crisis. While most of us might perceive the word “economy” from a macroeconomic perspective, as defined by Adam Smith (1904); other eminent authors and scholars, as explained below, have adopted a person-centered definition of it. In presenting both approaches, this paper will be adopting the person-centered definitions of economy and expand on them by introducing a new framework, named Self-Science, to facilitate an understanding of the components of self-awareness with the purpose of pursuing and perfecting self-mastery.