If you follow the flowchart and dive into most economics departments you will encounter what I’m talking about.
What are you talking about Keynesian liberals or something? I do like to read Adam Tooze to see him close in on an interesting point only to veer wildly. Foreign Policy in general has some interesting writers if you want to mine the most advanced liberal cope.
The model of economics I’m describing is the one which has been most heavily promoted by the west, neoliberalism, it has been used to dissolve the social welfare state which was set up to compete with the socialist bloc since defeating its chief rival and counterbalance in the USSR. It’s an ideological persuasion that works along with coercion and subterfuge to eliminate capital controls and suppress the masses with starvation and crackdowns, especially in peripheral countries which are starting to establish socialistic policies or nationalize natural resources. Look at Chile for a perfect example of liberal economics in practice.
I am aware of plenty of different non-Marxist models of economics and none of them are great because they treat various sectors of production wrong. China and Vietnam have their shit all figured out that’s why finance capital and food aid can’t decimate their agricultural production and then extort them into unfavorable IMF deals.
I think you are conflating performance of economic models with the study of economic systems. Economics is literally just the study of a real phenomenon that occurs in the world. It’s a valid study to try and understand why it operates the way it does.
Most economics degrees expose people to the toxic neoliberalism I’m joking about in the intial reply though. It’s been weaponized against the third world to horrible effect.
It’s almost like that’s one way of measuring economic output and not the only way.
GDP is meant to drive down variance by being a relatively simple thing to measure, and therefore provide a consistent means of tracking long term trends.
Dude you are not going to get better results by looking at further cherry-picked statistics from first world countries. The standard of living in the first world is collapsing because of finance capital and economics as a science there exists to cope about it.
Economics treats metaphors as deep truths while treating simple facts as superficial. An example of this is in presentations of MP theory where the pie metaphor is emphasized while the actual structure of property rights and liabilities is ignored and obfuscated @science_memes
Of course a hexbear tankie would think that. Sincerely hope you’re joking, but maybe I shouldn’t hope to not get severely disappointed.
That’s cool dude, except you worship it like a religion. Did you know your GDP numbers count rents and debts the same as production?
Did you know that’s just one possible economic model in the field of economics?
If you follow the flowchart and dive into most economics departments you will encounter what I’m talking about.
What are you talking about Keynesian liberals or something? I do like to read Adam Tooze to see him close in on an interesting point only to veer wildly. Foreign Policy in general has some interesting writers if you want to mine the most advanced liberal cope.
The model of economics I’m describing is the one which has been most heavily promoted by the west, neoliberalism, it has been used to dissolve the social welfare state which was set up to compete with the socialist bloc since defeating its chief rival and counterbalance in the USSR. It’s an ideological persuasion that works along with coercion and subterfuge to eliminate capital controls and suppress the masses with starvation and crackdowns, especially in peripheral countries which are starting to establish socialistic policies or nationalize natural resources. Look at Chile for a perfect example of liberal economics in practice.
I am aware of plenty of different non-Marxist models of economics and none of them are great because they treat various sectors of production wrong. China and Vietnam have their shit all figured out that’s why finance capital and food aid can’t decimate their agricultural production and then extort them into unfavorable IMF deals.
I think you are conflating performance of economic models with the study of economic systems. Economics is literally just the study of a real phenomenon that occurs in the world. It’s a valid study to try and understand why it operates the way it does.
Most economics degrees expose people to the toxic neoliberalism I’m joking about in the intial reply though. It’s been weaponized against the third world to horrible effect.
Like 90% of economics is completely divorced from real phenomenons.
Have you actually been to rural China by any chance?
It’s almost like that’s one way of measuring economic output and not the only way.
GDP is meant to drive down variance by being a relatively simple thing to measure, and therefore provide a consistent means of tracking long term trends.
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Dude you are not going to get better results by looking at further cherry-picked statistics from first world countries. The standard of living in the first world is collapsing because of finance capital and economics as a science there exists to cope about it.
I’m no fan of Hexies but economics - at least as understood by neoliberals - is not real.
Removed by mod
Economics treats metaphors as deep truths while treating simple facts as superficial. An example of this is in presentations of MP theory where the pie metaphor is emphasized while the actual structure of property rights and liabilities is ignored and obfuscated @science_memes