Liz:

This is one of the most interesting things I have ever read regarding the “economy”. This is certainly food for thought.

Originally posted on Orkinpod:

Last week I wrote about whether or not we really needed economic growth, and I claimed that the central problems facing our economy and our society were not about the size, scale, or growth of our economy, but rather about some deeper, undisclosed set of problems. This week I am trying, haphazardly and tentatively, to work through what those problems might look like. Also to predict the future.

For example, an economist looking at the big picture might ask why splitting the atom hasn't unlocked the key to our glorious communist future?

For example, an economist looking at the big picture might ask why splitting the atom hasn’t unlocked the key to our glorious communist future?

One of the things that bothers me about economics—both in its academic guise as a social science discipline and its neoliberal political guise as a quasi-religious faith in which bankers and CEOs serve as high priests—is its general failure to talk about what it’s for. Historians have a whole subfield, historiography, dedicated to how and why we write…

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