In the period of Adam Smith and David Ricardo, people were
“thinking not just about how things work, but how should they work for a society that’s fair…”
“We’ve completely abandoned that. We’ve moved over to an overly mathematical, wonkish, WRONG, fundamentally flawed technocracy which doesn’t actually try and address ‘What would we like a good society to look like?’, because the fundamental principle is selfishness works well”
To hide. A veneer of respectability. Most economics is not suitable for mathematical analysis, beyond its ability to reduce complex problems to the essentials!
@urlyman I have always considered systems thinking to be a new phenomenon, but I see now it is enabled by privilege. that might be why our economics are failing us now: our privilege class of wealthy white cismales is the same old group now operating on a global scale. so new global economic complexities need addressing but we are stuck with mostly just the same old perspectives and capabilities and demographic of people in the positions of decision making power.
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