Hot take on economics 

I have heard people talking about "economics" and "economic systems" as if they're this unnatural thing imposed on innocent humans. But the fact that we use the same word for both the thing being studied and the science of studying it is just an unfortunate word choice.

"Economics" is really just the study of a particular class of human activity that pre-dates agriculture. An "economic system" is what you have any time you have a complex society.

...

Hot take on economics 

So "not having economics" just means ceasing to care about a particular class of human activity. It doesn't make that activity stop. And having an "economic system" isn't optional; it's just a question of whether you pay any attention to what that system actually is and how it behaves.

Show thread

Hot take on economics 

@freakazoid i agree, but i don't quite understand. who is for "not having economics"?

Hot take on economics 

@o I don't remember who it was specifically and don't want to point fingers at people anyway. It's even possible I misunderstood them. My point is a general one.

Hot take on economics 

@o I suspect it's a similar issue to the widely varied definitions of "markets" and "capitalism" that people use. They might have been talking about the combination of macroeconomics and finance, in which case there's a reasonable chance I at least partially agree with them.

Hot take on economics 

@freakazoid So ...

Back on Google+, there were a set of self-described Libertarians (and @woozle will remember some of these conversations -- they're not one, but were a fellow participant) who I'd occasionally engage with mostly to try to understand what the hell they were on about.

This included a few rounds trying to suss out just what they meant by terms such as "markets" and "capitalism", in particular.

It's one thing to disagree with someone.

It's quite...

@o

1/

Hot take on economics 

@freakazoid ... tend to go quite poorly.

This includes reading and referencing their generally prefered sources (if you can even wrest these from them at all). Stuff like Hazlitt, Rothbard, and von Mises, if you're lucky.

There was one YT vid in particular @woozle had turned up at one point, I _think_ it was "Objectivist Girl", discussing something. Which we realised was basically word salad. Oh, on von Mises and "praxeology". Let me see if I can find that...

@o

/5

Hot take on economics 

@freakazoid OK, it's "praxgirl", not "objectivist girl", though I had the gist of it.

Warning: this *WILL* rot your brain:

invidio.us/watch?v=MoNU_-__LlQ

@woozle @o

6/end/

Hot take on economics 

@dredmorbius @freakazoid @woozle @o
Did she just imply that the internet is not centralized? Does she know about DNS?
(these are mostly rhetorical questions tbh)

Follow

re: Hot take on economics 

@grainloom @dredmorbius @freakazoid @o

<del>PraxGirl</del><ins>PropagandaGirl</ins>

Sign in to participate in the conversation
Toot.Cat

The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!