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It would be nice if the era of economic theory were to end. Herbert Weisberg argues in Willful Ignorance (paraphrasing for brevity; read and come to your own c
by chmsky00 5y ago
It would be nice if the era of economic theory were to end.
Herbert Weisberg argues in Willful Ignorance (paraphrasing for brevity; read and come to your own conclusions) we’re using statistical and probabilistic tools in economics that were purposely left crude by the mathematicians that defined them, as they were defined to handle abstract quantities.
Applying them to human economics means we’re mathematically accepting rounding errors that leave people behind.
That is the pattern we have to break politically. We spend a lot of time emotionally promoting certain stats and hand waving away at a number like “2% reduction in poverty” still means we’re leaving millions behind.
Not having services like universal healthcare is clearly politically gamed, but we refuse to see it as anything like a government bombing civilians.