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#economism — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #economism, aggregated by home.social.

  1. anekanta @[email protected] ·

    অর্থনীতির অতিমারী, অর্থের-নেতির বি-কল্প-না
    shorturl.at/vGzwP
    #Economics, #Economism,
    #Neoclassical_Economics,
    #Marxist_Economics,
    #Tagore_Studies,
    #Climate_Crises,
    #Econocene,
    #Michel_Foucault,
    #Ecosophy,
    #Ecological_Economics,
    #Buddhist_Economics,
    #Electronic_Capitalism,
    #Digital_Capitalism,
    #Indian_Economic_Crisis,
    #Glocalization,
    #Chaosophy,
    #Against_Monetary_Economics,
    #Political_Economy,
    #Savage_Capitalism, #Canni_ballistic_Capitalism, #Crony_Capitalism,

    #economics #economism #neoclassical_economics #marxist_economics #tagore_studies #climate_crises
  2. tanya tussing @[email protected] ·

    Excellent topic, @pluralistic -- #Economism

    "Before the rise of economism, it was common to speak of its subjects as "political economy" or even "moral philosophy" (#AdamSmith , the godfather of capitalism, considered himself a "moral philosopher"). "Political economy" implicitly recognizes that every policy has squishy, subjective, qualitative dimensions that don't readily boil down to math."

    pluralistic.net/2024/09/18/fal

    Love graphic - high preist
    #MiltonFriedman @ Economism's altar #PoliEcon

    #adamsmith #economism #miltonfriedman #poliecon
  3. tanya tussing @[email protected] ·

    Excellent topic, @pluralistic -- #Economism

    "Before the rise of economism, it was common to speak of its subjects as "political economy" or even "moral philosophy" (#AdamSmith , the godfather of capitalism, considered himself a "moral philosopher"). "Political economy" implicitly recognizes that every policy has squishy, subjective, qualitative dimensions that don't readily boil down to math."

    pluralistic.net/2024/09/18/fal

    Love graphic - high preist
    #MiltonFriedman @ Economism's altar #PoliEcon

    #adamsmith #economism #miltonfriedman #poliecon
  4. Cory Doctorow @[email protected] ·
    CW: Long thread/16

    It's pure #economism: "If economists wished to study the horse, they wouldn’t go and look at horses. They’d sit in their studies and say to themselves, ‘What would I do if I were a horse?’"

    pluralistic.net/2022/10/27/eco

    But, as Mark Paul writes for *#TheAmericanProspect*, rent control *works*:

    prospect.org/infrastructure/ho

    Rent control doesn't constrain housing supply:

    dornsife.usc.edu/pere/rent-mat

    At least some of the time, rent control *expands* housing supply:

    onlinelibrary.wiley.com/doi/fu

    16/

    #economism #theamericanprospect
  5. Cory Doctorow @[email protected] ·
    CW: Long thread/16

    Hardin went on to pioneer the idea of #LifeboatEthics, a greased slide to mass-extermination of "inferior" people (Hardin was also a #eugenicist) in order to save our planet from "overpopulation."

    Hardin's flawed account of the commons is a sterling example of the problem with #economism, the ideology that underpins neoclassical economics:

    pluralistic.net/2022/10/27/eco

    16/

    #lifeboatethics #eugenicist #economism
  6. Miguel Afonso Caetano @[email protected] ·

    #Economics #Economism #Neoliberalism #ChicagoSchool: "Economism's core method is reducing human interaction to "incentives," to the exclusion of morals or ethics – think of Margaret Thatcher's insistence that "there is no such thing as society." Economism reduces its subjects to homo economicus, a "rational," "utility-maximizing" automaton responding robotically to its "perfect information" about the market.

    Economism also insists that power has no place in predictions about how policies will play out. This is how the Chicago School economists were able to praise monopolies as "efficient" systems for maximizing "consumer welfare" by lowering prices without "wasteful competition."

    This pretense of mathematical perfection through monopoly ignores the problem that anti-monopoly laws seek to address, namely, the corrupting influence of monopolists, who wield power to control markets and legislatures alike. As Sen John Sherman famously said in arguing for the Sherman Act: "If we will not endure a King as a political power we should not endure a King over the production, transportation, and sale of the necessaries of life.""
    pluralistic.net/2023/04/03/all

    #economics #economism #neoliberalism #chicagoschool