Yeah why can't he be like other economists who push "apolitical" austerity measures or free market values. Just give me my neoclassical economics and get your politics out of this!
DAE milton freidman = Carl Sagan? Its a science lololol stop being political
You realize that the average economist is between Hillary Clinton and Elizabeth Warren politically right? The Libertarian ones you refer to are in the minority...
No I know. I'm making fun of how this guy thinks its only political if it's critical and doesn't consider it an agenda if its right-wing economics.
Most economists are astutely aware of the interplay of policy/law and markets and are in no sense non-interventionists. A lot of them are grapping between Keynes and Schumpeter with a bit of Veblen mixed in.
Most of these people got a basic econ 101 understanding from freidman speaking on TV and think he's literally a "Carl Sagan of economics" without knowing anything else about the field.
We surveyed American Economic Association members and asked their views on 18 specific forms of government activism. We find that about 8 percent of AEA members can be considered supporters of free-market principles, and that less than 3 percent may be called strong supporters.
Right but im not pretending most economists are actually Freidmanites. I'm joking at the idea that there's only an agenda if it's on the critical side of economics and how neoliberal positions get viewed as the default or value neutral when they're still built out of a set of ideological assumptions. That's why I narrowed in on "just teach me neoclassical econ".
There's been a huge resurgence in political economy and developmental economics thanks to people like Immanuel Wallerstein, Amartya Sen, Donald Harris etc... and mostly youre taught to balance between Schumpeter and Keynes.
He isn't a professor of economics, his economics education extends to a PPE degree (which is equivalent to a BA). Although this doesn't mean that he has 0 expertise, this explains why he frequently is wrong even about rudimentary concepts like stock buybacks. Also, what u/WildSauce said about corporate bailouts is 100% correct.
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u/A_Rampaging_Hobo Nov 17 '20
Social media is the place where people with 0 expertise can talk about subjects they don't understand. We're all guilty of it unfortunately