Economists have made it “their mission to maximize the welfare of ordinary people”. Insisting that politicians use their models when deciding responses to the climate crisis. But I wish economists had chosen another hill for us all to die on.
https://t.co/sS23j3XMDL
"Adam Smith’s use vs exchange dichotomy is the single greatest misdirection in the history of the social sciences. Setting countless scholars astray and putting the planet in harm’s way."
https://t.co/wsSKp2GkhP
.@PTunjic just published part 18 of his independent research, which is so close to my heart. More on prime movers and value in use https://t.co/wimPk6jEfe
Whatever word we use "negative entropy", "negentropy" of "syntropy", this concept is of the utmost importance and helps guide us forward, supported by this groundbreaking research by @PTunjic . Chapeau, Peter for this Part 17 !
if value in use were the organizing principle of capitalism and all actors had objective information about the capacity of their available capitals to effect change, capitalism could be described as a system for coordinating entropy.
https://t.co/ntkbJ0aniO
The problem with economics is that economists confuse their ambition to solve every problem faced by humanity with perfect markets with their ability to grasp even the most elemental laws of physics that govern not only human existence but all existence. https://t.co/KROcF1FXYA