[Sosfbay-discuss] Economics Evolving

[Wes Rolley]

Gerry Gras wrote:
> I found the following article interesting, because
> it talks about some current evolution in economists
> thinking, and it will probably affect government
> policies.
>
> "Hip Heterodoxy"
> "Neoclassical Economics still reigns, but its critics
> are gathering steam"
>
>      http://www.thenation.com/doc/20070611/hayes
>
> (Also in the June 11th issue, page 18.)
>
>   
Gerry, that is an excellent article. It led me to make a few connected 
observations.

Are Greens, in their critique of globalization and the corporate power 
structure, making errors of the same type. That is not working on the 
basis of observed phenomena but rather choosing to use only those 
behaviors that fit a pre-conceived version of how the world works. 
Things are much too complex to hold the view that all of retail is like 
WalMart.

In fact, I tend to think of economic behavior in terms of the open 
systems and flow structures that are used to describe the complex 
behavior of ecological structures.

But then, political action is driven so much by anger or indignation and 
it is hard to get angry about an open system. That is a luxury given 
only to tenured professors and policy wonks.


-- 
"I find I have a great lot to learn – or unlearn. I seem to know far too much and this knowledge obscures the really significant facts, but I am getting on." -- Charles Rennie Mackintosh

Wesley C. Rolley
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