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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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