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Show 119: Talebian

This week Chuck answers two questions from last week's podcast on Keynes: (1) If you are not a Keynesian, what are you?, and (2) How does this relate to the fiscal cliff conversation?

Show 119: Talebian

Reader Comments (1)

I meant to say this when the last podcast came out, but I didn't get around to it. The problem with all of these economic ideologies is that they abstract "the economy" into this thing that is separate from the people and the resources and the relationships and the work that actually comprise it. The model is treated as more real than the real world and what is happening in the real world is ignored. We can't solve our economic problems until we really understand them, and we can't really understand them in purely abstract terms, such as deficits, interest rates, unemployment. In order to solve our economic problems we have to do the hard work of studying real people and their actual problems, and taking action that address those problems specifically. What resources do we have? What needs to we have? Why are those resources not meeting those needs? We need to take off our thick mittens of theory and do some fine detail work.

December 7, 2012 | Unregistered CommenterEli Damon
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