3 ms·
I understand the value of economics as a social science, and there are some policies that economists propose that I like. However, a lot of this stuff is either
by wormlord 2y ago
I understand the value of economics as a social science, and there are some policies that economists propose that I like. However, a lot of this stuff is either just justification for neoliberal policies, or just common sense.
For example, a neoliberal economist like Becker would say: "There's actually an economic disincentive for racial discrimination"
Sure, if your economic analysis does not take into account class conflict, which most orthodox economists do not. Discrimination is borne intentionally out of class conflict as a tool of dividing the working class.
Orthodox economics is like having a bunch of scientists devoted to a pre-heliocentric model of the solar system. They can describe isolated phenomena within the accepted framework, but they will never be able to accurately describe (in full) the world around them because their foundational world model is incorrect.