I’m still trying to learn economics, but I’m watching/listening university lectures, podcasts, interviews etc and this field is so stagnant it’s ridiculous. Important professors asked to analyze current crises just sit around arguing about whether Keynes or Hayek were in favor of government intervention in 1932. Or other critical current topics.
Dudes. Dudes. Come on.
@Patricia economics is moving very fast, if anyone is referring to something from the 20th century without a lot of caveat they don't know what they are talking about.
@ekg yeah, and these guys are professors on world famous universities so… not very vast it seems
@Patricia some pointers, Behavioural Economics disputes the idea of "rational actors", Morden Monetary Theory disputes the rational for austerity, and the 2008 financial crisis was the last straw for neoliberalism.
@ekg @Patricia yeah.. there is some movement, but as of today, most policy makers or governments didn't swap their advisors.
Or you have e.g. minister of finance in Germany who says "I don't believe any of this and it's all wrong" if they get confronted with evidence on why austerity politics lead to degradation of democracies and distrust in politics.
It's good that some part of the field moves on, but I'm sure it will take at least decades until it arrives into the mainstream.
@karolherbst I have responded otherwise in this thread that in my opinion it's mostly down to Russian propaganda. It's in Russian intresset to keep neoliberalism alive.
@karolherbst people can't afford food, they aren't doing well.
Russian propaganda is designed to look organic, don't be fooled.
@ekg yeah, fair enough.
@karolherbst A Recommendation
Ryan McBeth @ YouTube has done excellent things about russian propaganda.
@ekg yeah.... I could accept that some might spread propaganda like that, but as I look at things, I don't think it's even needed as it spreads itself regardless 🙃
speaking of Russia. It's always amusing if Russian economic doomerism is based on neo-liberal fallacies.
And like.... uhhhhh... *sigh*
"see! their economy does terrible based on those numbers!1!!!!"
Not saying it's doing worse or not, but... *sigh* just because their debt goes up doesn't mean it's doomed long-term.