Re:What to read to understand how economists think
by mushbino on Saturday August 27, 2022 @10:57AM
(#32619734)
Economics is mostly political economy. It's based on ideology more than anything moral or actually scientific. Neoliberalism has been the dominant theory since Keynesianism. It's been an abject failure, but nobody has come up with anything to replace it yet.
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Re:What to read to understand how economists think
by unmole on Saturday August 27, 2022 @12:16PM
(#32620557)
> Economics is mostly political economy.
I'm sorry, what? Look at the curriculum for any economics degree, look at the winners of the Sveriges Riksbank Prize. How much political economy do you see there?
> based on ideology
Krugman and Manikw are on the opposite ends of the ideological divide. But the economics textbooks that they each wrote will not contradict the other.