• frezik@midwest.social
    ·
    edit-2
    2 months ago

    Economics just means studying how we distribute limited goods. It breaks down when goods aren't limited (or rather, we have more of it than we can reasonably use), but we're not quite at that level of post-scarcity for most things. Though we might be close enough to cover the first level of Maslow's Hierarchy of Needs.

    Economics as a practical discipline tends to assume capitalism. Economics can still be valid without assuming capitalism. There are tons of non-capitalist modes of distributing limited goods.

      • StopJoiningWars@discuss.online
        ·
        2 months ago

        You're confusing the study of economics with specific economic ideologies. Clearly you've never studied the subject and are very much biased.

        • I've studied economics as a discipline too much not to acknowledge its institutional biases. The statement "economics isn't real bro" is a joke, but it's a joke about how bad the state of the academy is in promoting neoliberal economics.

          If that weren't true it wouldn't be powerful enough to turn Argentina into a fourth world nation. Milei is a product of these academic institutions.

          If you actually went to or taught at a university that eludes these biases like the Braudel fans at Binghampton, you wouldn't be scolding me for making a joke about how stupid most economics degrees render people.