You are proposing a really big change that leads to so many questions for me that I could not even begin to ask them in a comments forum like this. People have written 500 page economics text books about far narrower topics.

Have you thought about writing a manuscript and asking for economics scholars to review it for publication? If any professor thinks this is feasible, you might get admitted as a doctoral candidate to develop it. If it is ever implemented and works, you’re sure to get a Nobel Prize.

In my reading of your Medium article, I kept asking myself: How? What about this? What about that? I’ve studied lots of economic, including many graduate level course for my masters degree, but I don’t feel qualified to critique such an expansive idea.

Good luck.