Re: Predicting the Asian Crisis

[Jay Hanson]

>So long as economics is based in 'efficiency'- i.e. the maximization of
>return to the wealthy- ahead of equity and environmental

This is a key issue that is not noticed by many.  There is no a priori
reason why one should pay minimum wages or prices. This is essentially a
political choice and economists siding with those who have the money
(capitalists).

Since money itself is inherently "political", economics is inherently
political too.  It's time to acknowledge the obvious fact that economics is
inextricably a branch of politics, and can never be a science.

Jay