“When you make your peace with authority, you become an authority”.
Economics as a Dismal Science, Episode 1. How the Unnatural Becomes Natural
The fascination with the “Natural” and/or “Ideal” of economists of the dominant group that views economics as a purely positive science (void of historical, philosophical and sociological building blocks) like the “Physics of the Society”, as the Nobel laureate James Tobin famously wrote and criticised, is longstanding (see for example, the (in)famous Natural Rate of Unemployment by which fallible technocratic Deities confine a changing percentage of the active workforce to the reserve army of labourers; the latter is brutally exploited by the neoliberal socioeconomic configuration of our doom-laden era).
Continue reading “Economics as a Dismal Science, Episode 1. How the Unnatural Becomes Natural”