8th view = reinvented and redesigned old economic theory from scratch,
because it restricts success of any (even good) management models

Decision making is based on own experiences, informations, rules, methods and expectations.
The current situation in the models (rules, methods...) for explaining the economy is comparable to the earth-centered view before the 16th century. Certain phenomena cannot be explained on this base. Only when Copernic presented his heliocentric model it was possible to solve some issues with the old model.
Today's economic models are based on fundamentals that were written down in the 18th century, where people were less educated and products were tangible. Slavery was common and witches were burned.
Reality in nations and enterprises has changed much since then. But the base of our economic thinking never was upgraded to fit today's options and needs.

Peter Drucker, the most prominent thinker and writer about management mentioned 25 years ago that innovations in management thinking only is not enough. It needs a new economic theory too.