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Maybe slightly off topic, but economics have philosophical underpinnings that are worth studying. A a very rough, very incomplete chronological list: Smith, Ma
by dgb23 4y ago
Maybe slightly off topic, but economics have philosophical underpinnings that are worth studying.
A a very rough, very incomplete chronological list: Smith, Marx, Keynes, Friedman, Hayek, Piketty.
Big Thinkers have thought deeply and thoroughly about this topic and have a surprisingly strong influence on what happens in the grand scheme of things. They have conflicting ideas and political stances. But still, you'll find quite a bit of truth in what they say, because you can literally observe some of their predictions, but you have to kind of mix and match them.
Both economics and finance are still Black Arts in my opinion. You'll find a ton of math and studies but it is all very much mixed with politics, paradigms, huge assumptions and inconsistency. It is an incredibly complex subject matter, and there are quite a few people who want to make us believe that they've figured it out, but in essence it is all about social interactions and any model that tries to boil human behavior down to something simple, rational and well understood is doomed.
- SoleilAbsolu 4y agoI would add author Kim Stanley Robinson to this list. He refers to his work as "political science fiction" and makes the case that climate change will require humanity to re-evaluate capitalist economic structures and priorities that have treated the environment as externalities, while prioritizing short-term profit for the few over the longterm well-being of life on earth. Strategic debt default is a key plot point in "New York 2140". "Ministry for the Future" explores Keynes and Piketty, and has a strong focus on how we could re-tool economies to incentivize atmospheric carbon reduction and actually meeting human needs.