An Economic Theory of Everything
[This post was written by VeraSage Institute Senior Fellow Ed Kless, who is the Senior Director, Partner Development and Strategy, at Sage].
One of my all time favorite TEDTalks  is by Rory Sutherland, a principal at the advertising firm Ogilvy. His brilliant analysis was on display again at Zeitgeist 2011  in his talk, "Rediscovering a Lost Science ."
The lessons here are many, but for me key learning is the link between Austrian and Behavioral economics:
- All value is subjective, AND.
- All prices are contextual.
The implications of these two statements together are profound and in my opinion amount to an economic theory of everything.