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by djrobstep 2765 days ago
> Economics, as the expression of human beings exchanging with each other, accepts neither.

I will never understand how adults can believe that things like economics, journalism, central banking, and (especially) the US constitution can be non-political.

2 comments

Because that idea (about economics) has been heavily, and successfully, pushed by interested parties:

'The economy' and 'the market' are sacred things that are disconnected from the dirty world, and work perfectly in their own if you don't bother them. No need for 'political economy' anymore, only 'economics'.

Gotta answer that last sentence. Free market advocates are the exact opposite of disconnected with the dirty world: they advocate for allowing the dirtyness of reality sort itself out, without a neat central order. The most significant advocate for free markets, Milton Friedman, literally wrote the book on the application of Positive Economics: seeing things how they really are, use empiric data, make falsifiable predictions, etc.

Free markets are pro-reality, pro-dirty world.

Well, if you start with the idea that markets exist in the void, you are certainly avoiding the dirty world.

For instance: assuming that property rights exist outside a political framework or power structures.

They don't exist in "the void". Property rights are fundamental to the free market ideology, as well as courts, police and military. It's the foundations of liberalism, with Locke, Adam Smith, etc.

I reiterate that free market ideology is positive, while government intervention ideology is more normative: it says how things should be and tries to make it so. The best case of this has been obviously Communism and Fascism: they said this is best, and organized top to bottom how things should be, and ignored any evidence of the contrary.

What is it that motivates you to be a booklicker for the rich?
I am surprised on people that believe politics shape reality, as if a political will could bend laws of nature.
If you think economics is about "laws of nature", then you have a lot to learn about economics.