raghu wrote: > This agrees with what I have long suspected: the main use of > mainstream economics is as propaganda. And in indoctrinating society > about the virtues of selfishness.
To some extent, the economics profession serves _its own_ purposes: it involves a self-perpetuating mandarinate, involved in a discussion with itself. Also, it's important to remember that the New Deal or social-democratic liberal wing of economics does not believe in the virtues of selfishness. After all, greed leads to a lot of market failures. But this school of economics usually tries to solve the problem in technocratic ways. Economists of both the neoliberal (laissez-faire) and New Deal wings typically don't believe in democracy beyond the anemic sort that prevails in most advanced capitalist countries. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
