I don't particularly like economics but I feel like if I wanna articulate a communist vision for the future I need to be able to counter the 1 Billion dumbasses who took econ 101
What are some good resources to start learning?
I don't particularly like economics but I feel like if I wanna articulate a communist vision for the future I need to be able to counter the 1 Billion dumbasses who took econ 101
What are some good resources to start learning?
Econ 101, the standard economic theory you'd learn at most colleges, is worse than hot wet garbage. It ignores debt, it's based on models with no bearing on reality, and its only purpose is to justify rich people stealing from everyone else. Literally that's it. Mainstream economics failed the Great Economic Crisis of 2008 and made no substantive changes. What more proof do you need?
Learning it will damage your brain and your morality. Students who study economics literally make crueler, more selfish decisions.
To learn something that will actually inform you and help you make decisions about the world, you need to get familiar with heterodox economics like what they teach at UMKC. Here are some names and topics to get you started. Stephanie Kelton, Steve Keen, Michael Hudson, Richard Wolff, Bill Black, Warren Mosler, Bill Mitchell, L. Randall Wray. Many of them have their own blogs, they have interviews all over youtube etc. Keywords: MMT, neo-chartalism,
Stephanie Kelton is one of the best explainers of MMT. Check out her interviews, print or video, she's the best. She also has a recent book called The Deficit Myth that explains everything pretty well. https://www.newyorker.com/news/news-desk/the-economist-who-believes-the-government-should-just-print-more-money
Bill Mitchell's blog is one of the clearest discussions of MMT for current events and he posts regular quizzes for you to test your understanding. http://bilbo.economicoutlook.net/blog/
Michael Hudson is a god among mortals, we truly do not deserve him. He deserves to be more widely known on this site. Check out anything on his website or the many podcast interviews he's done. He ties everything in with US imperialism and takes it back to a historical perspective. He's written some amazing, easy to understand books.
MMT "primer", may be a little dry, maybe start with Kelton: https://neweconomicperspectives.org/modern-monetary-theory-primer.html
Sorry just too damn lazy to do the links properly. GLHF
do you know of any articles etc expanding on "Econ 101, the standard economic theory you’d learn at most colleges, is worse than hot wet garbage. It ignores debt, it’s based on models with no bearing on reality, and its only purpose is to justify rich people stealing from everyone else."? I've heard this before and would like to understand this critique more fully. (ik you linked to a bunch of stuff, but I mean more criticism of the econ 101 and less presentation of MMT etc)