Economics Meets Spirituality: An Unlikely Journey

February 2024
MIT Technology Review

Introduction

Dive into the fascinating journey of Allison V. Thompkins, PhD, from crunching numbers in economic research to enlightening minds on spirituality and disability. Once a statistical analyst, Thompkins now pens her insights on making spiritual practices inclusive for all, especially those with disabilities. Her story, featured in MIT Technology Review, showcases a seamless blend of economics and spirituality, driven by a lifelong mission to better the world. Explore how Thompkins uses her unique perspective to bridge seemingly disparate worlds, all with a dash of love and light.

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Why It Matters

Discover how this topic shapes your world and future

Unraveling the Tapestry of Divine Economics

Imagine a world where understanding the flow of money and the sacredness of our spirits intertwine to create a better society for everyone, especially those facing challenges like disabilities. This is the essence of Divine Economics, a unique blend of economic principles and spiritual insights aimed at improving the world. At the heart of this concept lies the belief that spirituality and economics, though seemingly different, share a common goal: to make life better not just for oneself but for the entire community. This approach challenges us to look beyond traditional metrics of success and wealth, encouraging us to consider how our financial decisions and spiritual practices can contribute to a more equitable and just world. For you, this could mean exploring how your passions, whether they be in art, science, or social justice, can be channeled towards creating positive change, inspired by the interconnectedness of economics and spirituality.

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Econometrics

The application of statistical methods to economic data to give empirical content to economic relationships. Think of it as using numbers and data to uncover the hidden stories of how people interact with money and resources.

Microloans

Small loans given to people who typically don't have access to traditional banking services. These loans can help start small businesses, fund education, or support various personal needs, aiming to empower individuals economically.

Disability policy

Rules and regulations that affect the lives of people with disabilities, focusing on ensuring their rights, accessibility, and opportunities for an inclusive society.

Spiritual practices

Activities or exercises that individuals engage in to develop a deeper sense of connection, purpose, and understanding with the divine or their inner self. This can include meditation, prayer, service, and more.

Economic justice

The idea that the economy will be more successful and fair if everyone has equal opportunities, access to resources, and fair treatment. It's about making sure the economic pie is shared in a way that benefits everyone, not just a select few.

Empirical content

The real-world data and observations that economists use to test their theories and models about how the economy works. It's like putting economic ideas to the test to see if they actually hold up in real life.

Independent Research Ideas

Exploring the impact of microloans on disabled entrepreneurs

Dive into how small loans help individuals with disabilities start their own businesses and the broader implications for economic justice and empowerment.

The role of spirituality in economic decision-making

Investigate how spiritual beliefs can influence economic choices, from personal spending habits to policy-making, and its impact on societal well-being.

Disability representation in economic models

Study how economic theories and models account for (or fail to account for) individuals with disabilities, and propose more inclusive approaches.

The economics of accessible design

Analyze the cost-benefit of creating more accessible products and services, considering both the economic and social implications for a more inclusive society.

Spiritual practices as a tool for economic empowerment

Explore how engaging in spiritual practices can support individuals in overcoming economic challenges, focusing on communities that face systemic barriers.