2 ms·
I said "economics", as in the theory or ideas, not "economies", as in countries. What I was somewhat sloppily referring to was the classical liberal ideas base
by euwhr132 10y ago
I said "economics", as in the theory or ideas, not "economies", as in countries.
What I was somewhat sloppily referring to was the classical liberal ideas based on writings of Adam Smith (who's mentioned in the article), David Hume, John Locke etc.
As opposed to the Marxist view I guess.
And I said it because the article argues somewhat (in)directly that management gets paid well because of position of power and luck, not merit,
that free markets don't work, and throws around words like libertarianism, meritocracy etc., but makes no solid economic arguments,
it's explained more from a point of populist left ideas based on my reading.
Note that there's more than one competing idea here, and I personally don't necessarily agree with one single theory, but if you're interested in it in general here are some sources off the top of my head:
Adam Smith - The Wealth of Nations [1]
John Locke - Two Treatises of Government[2]
Friedrich Hayek - The Road to Serfdom[3]
david Hume - A Treatise of Human Nature[4]
Austrian school of economics[5]
Chicago school of economics[6]
[1] https://en.wikipedia.org/wiki/The_Wealth_of_Nations https://en.wikipedia.org/wiki/The_Wealth_of_Nations
[2] https://en.wikipedia.org/wiki/Two_Treatises_of_Government https://en.wikipedia.org/wiki/Two_Treatises_of_Government
[3] https://en.wikipedia.org/wiki/The_Road_to_Serfdom https://en.wikipedia.org/wiki/The_Road_to_Serfdom
[4]https://en.wikipedia.org/wiki/A_Treatise_of_Human_Nature https://en.wikipedia.org/wiki/A_Treatise_of_Human_Nature
[5] https://en.wikipedia.org/wiki/Austrian_School https://en.wikipedia.org/wiki/Austrian_School
[6] https://en.wikipedia.org/wiki/Chicago_school_of_economics https://en.wikipedia.org/wiki/Chicago_school_of_economics
EDIT:
Need to add at least Friedman I suppose. From here on out you can google classical liberalism, libertarianism, Age of Enlightenment, etc.
And if you want different ideas, of which I guess the author would support some if he'd actually read / cited actual economic theory,
Keynesian economics, Marxian economics, Economic interventionism etc...
Milton Friedman - Capitalism and Freedom[7]
[7] https://en.wikipedia.org/wiki/Capitalism_and_Freedom https://en.wikipedia.org/wiki/Capitalism_and_Freedom