It’s an Economist’s World
This is soooo #Great!
path into the forefront of #Government
is explored and scrutinized in a delightful way in this episode. As a staunch hater of #Friedman
and his almost #Nefarious
contributions to #Economic
thought, I'm quite pleased to hear a new wave of thinkers are coming to the fore. Binyamin Appelbaum and his book,"The Economists' Hour | False Prophets, Free Markets, and the Fracture of Society"
might get me to spend money on a paper book again! It's like Binyamin finally said, "the King has no clothes." Applebaum isn't pulling punches with his content and he's not sparing any former lead politicians from blame.
The interview starts at about 5:34http://traffic.megaphone.fm/SLT4123993687.mp3
The page that audio comes from is https://slate.com/podcasts/the-gist/2019/09/new-york-times-binyamin-appelbaum-new-book-the-economists-hour
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The attached article below is Applebaum's column in the NYT.Opinion | Blame Economists for the Mess We’re In
*In the event that I have readers unfamiliar with the school of Economics, don't shy away. All people have the ability to contribute to this school of thought. In general, all economists study the motivation people have for selecting goods and services with their limited resources. All you need to participate is some personal insight and some curiosity in others rationale for their decisions.
Microeconomics focuses on those atomic level decisions like if you pick whole milk over 2% or a red-colored package over a green-colored package.
Macroeconomics focuses on what happens when all of us make decisions simultaneously, and how policy and/or regulatory actions can be enacted to avoid large scale societal problems.*