DennyNov 24, 2022
Economics: Humans only value things monetarily.
Sociology: Uh, I don't ...
Economics: Humans are always rational and value is calculated by a complex inner calculus.
Sociology: Uh, Psy, can you help?
Psychology: That's not how humans ...
Economics: ALSO MY SYSTEM WILL GROW EXPONENTIALLY FOREVER!!
Physics: *drops teacup*
Show threadJonxe Hart (they/them)Nov 25, 2022

@denny

Everyone: Hey Economics, your assumptions are not just objectively wrong, they are absurd.

Economics: *holding their fingers in their ears* "NA NANANANANNA I DON'T HEAR YOU!!! Free hands! Adam Smith! YOU CANNOT CHANGE OUR MINDS!!! We are a real science!"

Everyone else: *Picard face palm*

Show thread%70%61%75%6CNov 25, 2022
@JonxeHart @denny I find it fascinating how for so many people economics means neoliberal economics. I suppose especially in US universities and probably australian ones, there's not a lot of space for anything else.
Show threadpgcdNov 25, 2022

@muaddib1971 @JonxeHart @denny
Out of curiosity: is there any school of economics that treats reality as something else than a special case we can ignore?
And if there is, are its/theirs predictions actually verifiable and falsifiable?

Honest question, as I have absolutely no knowledge of proper economics outside what trickles down (ahah) from, well, the rest of the world.

Show thread%70%61%75%6CNov 25, 2022
@pgcd @JonxeHart @denny because of the politicisation of the field, I think it's difficult. I find the theory that is popular with progressives these days is Modern Monetary Theory (MMT) and Marxist economic theory has had a lasting impact. but like I say, I think it's a field that has been politicised so much so that mainstream economists will literally say the opposite thing to an MMT economist.
Show thread%70%61%75%6CNov 25, 2022
@pgcd @JonxeHart @denny but then part of mainstream economics is the idea of trickle down economics which as far as I know does not have a shred of evidence to support it.
Show threadDaniel Tuttle 🌵🤘
@muaddib1971 @pgcd @JonxeHart @denny it was always a "common sense" plea for the GOP to gain votes and radically reduce government, the real goal. Like a lot of common wisdom, it's garbage. The rich is getting proportionally richer to how everyone is getting poorer.
Nov 25, 2022 at 2:51pmTusky
Show thread%70%61%75%6CNov 26, 2022
@DanielTuttle @pgcd @JonxeHart @denny yeah, it's a zero sum game ... it's possible to grow the pie (wealth) but one of the best ways to do that is to do the opposite to the GOP.