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> I find it ironic when people use the term 'basic economics', but have clearly never read "Basic Economics" (https://sowell.org/books/basic-economics https://s
by tablespoon 5y ago
> I find it ironic when people use the term 'basic economics', but have clearly never read "Basic Economics" (https://sowell.org/books/basic-economics https://sowell.org/books/basic-economics).
Why? A generic phrase is clearly not a reference to book that co-opted it for its title. Otherwise, somebody really ought to write a bit of Marxist economic propaganda called "Basic Economics."
- seniorivn 5y agoTrue, but if you never read nor marxist nor Sowel like basic literature, than how would you know that you are aware of the basic economics in the first place? and if the only literature on that topic you've read is a special kind(only marxist for example) than it's likely that no matter how intelligent you are, but your way of thought has been overly influenced by one school of thought. My general position on political topics like this, is to start with reading literature that is somewhat widely adopted but foreign to your own views, like if you are libertarian leaning to force yourself to read leftist philosophers and theorists. This guy is basically opposed to libertarian philosophy, so using the term basic economics and not reading a book with the same name, from one of the most well known academics with libertarian views(or showing understanding of it's contents) is at least weird.
- sparkie 5y agoBecause they don't actually mean 'basic economics' when they say that. They mean Keynesian economics. Which is 'basically wrong' economics.