Samstag, 7. Dezember 2013

Sack the Economists


Economists Don’t Know What They’re Talking About

The walking dead
In 1994 Paul Ormerod published a book called The Death of Economics1.  He argued economists don’t know what they’re talking about.  In 2001 Steve Keen published a book called Debunking Economics: the naked emperor of the social sciences2, with a second edition in 2011 subtitled The naked emperor dethroned?3.  Keen also argued economists don’t know what they’re talking about.
Neither of these books, nor quite a few others, has had the desired effect.  Mainstream economics has sailed serenely on its way, declaiming, advising, berating, sternly lecturing, deciding, teaching, pontificating.  Meanwhile half of Europe and many regions and groups in the United States are in depression, and fascism is making a comeback.  The last big depression spawned Hitler.  This one is promoting Golden Dawn in Greece and similar extremist movements elsewhere.  In the anglophone world a fundamentalist right-wing ideology is enforcing an increasingly narrow political correctness centred on “free” markets and the right of the rich to do and say whatever they like.  “Freedom”, but only for some, and without responsibility."

Lesen bildet!

Georg Trappe


  1. RWER-Blog Leser wissen mehr...
    Am 10. und 11.12. soll es das Buch übrigens kostenlos von der oben verlinkten Seite zum Download geben.

  2. Danke fuer den Hinweis. Und willkommen im Klub.

  3. lesen bildet...
    aber ich habe noch "The Blank Slate"
    und "Verschwundene Reiche" von Norman Davies auf dem Nachttisch
    und es fehlen "Guns of August" und "Die Schlafwandler" und

    1. Vielen Dank fuer die sehr gute Ergaenzung der Liste der Lesetipps. Und wenn man sich durch diese oder aehnliche Listen durchgekaempft hat, erreicht man wohl einen Punkt, so ist es zumindest bei mir, an dem man sagt:
      "Stable order is always provisional and threatened by complexity. We should finally start thinking that we all live on the edge of chaos. For this reason, if they were truly digested, the theories of complexity and chaos could change our way of seeing what happens in our cultures.
      They lead us to mistrust all the totalising and totalitarian conceptions which have the pretension of telling us with certainty what the world will be like and which therefore supply us with the instruments to dominate as we may please – or to help us submit to those who, in their opinion, will dominate us. Living on the edge of chaos is also an aesthetic choice: the acceptance of living joyously with the unpredictable, the new and the unknown. Rather than being simply the humiliation of our arrogance, it is the renunciation of the imaginary "regular income" of determinism and the transformation of our uncertainties into a genuine wealth to help us to survive." (Sergio Benvenuto)
      Das soviele die Frage "Wollt ihr den totalen Markt?" mit einem aehnlich frenetischen "Hurra" beantworten, wie seinerzeit die Frage "Wollt ihr den totalen Krieg?", kann also nur daran liegen, dass zu wenig gelesen und/oder zuwenig ueber das Gelesene nachgedacht wird.

      Viele Gruesse
      Georg Trappe