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 threadCaptBobbers

@muaddib1971 @JonxeHart @denny
An Austrian I know said that in her history of econ class at uni she asked when they'd talk about Marx. She was told by her professor that Marxism had "no relevance" on the subject.

I get not straight up teaching Marxism but denying it has had any effect on econ history is wild. Many of the SocDem type reforms from the UK's NHS to FDR's New Deal were a direct result of Liberals opposing Marxist calls for revolution.

Nov 26, 2022 at 10:11amWeb
Show thread%70%61%75%6CNov 28, 2022
@CaptBobbers @JonxeHart @denny often you'll get more marxism in a sociology class than in an ecoomics class. at uni in my teaching degree we covered bourdieu who bases his social theory on marx. I think his ideas are an important contribution by extending the idea of capital and it's where you get ideas like social capital, etc. I'd also say that Modern Monetary theory owes Marx some debt, as well as Pickety. It can't be ignored if you're serious about economic theory.