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Economics is key to social engineering. Many concepts and core ideas of different schools of thought are completely loved and sponsored by actors interested in
by henvic 6y ago
Economics is key to social engineering. Many concepts and core ideas of different schools of thought are completely loved and sponsored by actors interested in an agenda (say, maintaining their status quo or inflation https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/).
For example, we have the Keynesians saying that government spending is good. Guess who is going to sponsor this point-of-view? People who benefit from making the state spend or who believe the state has utter importance in defining society (as they call it, economic planning).
Others will downfall resort to mathematical formulations as they were absolute truth, and their premisses might contain a lot of prejudice.
I myself love the Austrian School of economics (https://en.wikipedia.org/wiki/Austrian_School https://en.wikipedia.org/wiki/Austrian_School) approach of the likes of Carl Menger and Mises, and their approach based on praxeology or individualism, and I never thought it could be abused for interest groups until I started seeing how many people are abusing its idea of subject value to promote Bitcoin as the solution to everything (when I believe Bitcoin with its proof-of-work strategy has more issues than benefits).