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MrRodgers -> RE: Economics 101 (12/2/2008 7:33:39 AM)
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quote:
ORIGINAL: variation30
quote:
ORIGINAL: rulemylife
Well, obviously.
I mean any idiot can win a Nobel Prize in economics.
do you know what he won it for?
How's this variation30 ? I AGREE.
I agree wholeheartedly and that should draw as all of this should...a hardy so-the-fuck-what ? Plus, I don't care just where they come from...they could be from the fucking moon for all I care.
Studying economics does nothing...NOTHING. For example...the study of biology/chemistry is/are very good fields of study the basis of which is knowing how much of the natural world really works. What would have happened if Pasteur had left it at that ?
If Read, Friedman, Hazlitt et al, are to be studied and they are, just as in the sciences, to what end ? What practical difference does study only offer me or any student ? NOTHING, except to write my own paper and look for my own Nobel prize.
You may not like this but the ONLY reason to study of most anything including almost all of the sciences...is for the benefit of society. Pasteur's discoveries may have been the single most life-lengthening of all in modern science and that is the most practical difference he made...to society. Studying economics could be like studying astrology where even what we soon learn presents cosmic logic and a good images but by itself, does not serve society.
So first order of MY economics is find people to plant the trees, cut them down, saw them into little pieces, find more to gather and mix that graphite slurry forming the 'lead' and soon enough, I have found enough people to make my pencils.
I am a now very successful economist and I could write a book about it and how I exploited my freedom and used the invisible hand of the marketplace for a very good profit. Problem is, by force of govt. all of those who planted trees, cut them down and eventually made those pencils...were slaves or virtually so without sharing my freedom and economy and all of our mutual study did nothing for them.
Economists speak of the great 'economic' miracle of China. Now that's something worth studying...the 'miracle' of housing my 1 billion peasants in the cities and forcing them to make my prencils or anything else the 'invisble' yet very visible hand of the marketplace of sending the west's jobs to these captive peasants in my economic model of maximizing profits. (90,000 riots/demonstrations this year alone) Where does the 30 cents/hour economic conscript fit into Read's, Friedman's or Hazlitt's study of economics ?
My economics is called capitalism or 'money-ism' which is all of the 'study' I need know to lobby and influence govt. to empower me to 'employ' others' labor to make and sell pencils. All the while in fact stealing their labor for my profit. Let us now celebrate MY freedom to profit from MY economics and nevermind those 'millions' involved in this enterprise because their invisible hand is VERY visible as is spreading round the world...is the NOT so invisble hand of govt.
Even the political right is now justifying our socialism for the rich calling it 'poilitical/economy.'
I wonder where the hell they've been ?
Go ahead and study the college courses and all of the laureates and unfortunately most of what you read is made so ambiguous and general as to make it meaningless. But don't waist your time on these basics or theories of supply and demand or the 'deployment' of capital or invisble hand of any marketplace. What you study does not exist and all too easily renedered propaganda meant to serve those who would like you to believe that we actually have or even pursue a free market and that, that hand is really invisible. Neither exists.
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