In the parlance of modern Japanese philosophy, the term Basho
denotes a field of experience underlying all conceptions of
reality, while remaining itself conceptually ungraspable. The Basho
of Economics, then, refers to the economy s hidden experiential
ground, which has never been explicitly scrutinized, as such, by
mainstream economics. We uncover this ground by discerning the
tacit presuppositions of classical and neo-classical theories from
the perspective of modern Japanese philosophy. In particular, we
draw attention to the traditional atomist assumptions implicit in
their equilibrium-centered models. By breaking through these
assumptions, we reconstruct the economy as a functional and
relational world of habitual and creative activity outside of the
scope of mechanical laws."
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