Can we have a thread talking about the ridiculous cult that is mainstream "economics"?
They never get anything right. They are constantly wrong about when the next crisis hits etc. and work with the premise that "more profits" = better and similar things - is there ANY economics department that doesn't advocate for more privatization? It's like there is no alternative except more privatization, and it constantly fails, yet these clowns continue to get invited into talkshows acting as the great experts of economy. This is no political economy, this is religion, and Marx has been outsourced to the social science and philosophy department where he's raped by PoMo bullshit.
Economists in capitalism are much like feudal priests. There are different heresies, but they all ensure the common man that the system is infallible. Everything wrong is the work of [insert "external" issue]!
Nicholas Butler
The one at my uni is full of Keynesians and has Marx’s Capital as required reading.
Leo Hernandez
Which uni is that? surely not an american one
Henry Morgan
It's in leafland.
Brandon Scott
I haven't read the book, but I do like Steve Keen. He's an intellectually honest thinker even if I don't agree with him 100%. I have a pdf copy that I need to get around to reading.
And you're right about mainstream economists being almost worthless. They can't predict anything and their solutions almost never work. Federal Reserve Chairman Ben Bernanke predicted "moderate growth" for the year in which the financial crisis happened. There were people like Steve Keen who predicted the financial crisis long before, and yet the mainstream laughed at them.
Jackson Jenkins
I wonder why the mainstream hated him.
Christopher Powell
Fun fact: despite not being a Marxist, Steve Keen has read literally everything Marx wrote as well as written various articles about Marx's theory of value etc.
Jackson Ross
As a historian I hate the most when they project modern economic conceptions retroactively onto the medieval or ancient world. It's hack work and nothing but specious propaganda.
