An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Even in that post, the focus is all on the insttitutional structure of markets. But markets are only one mechanism by which goods are distributed, after they are produced. Focusing on distributional mechanisms entirely leaves productive mechanisms out of the story.
In a broad sense, economics might be thought of as the general science of the way things of value are brought into existence; the way they are accessed, controlled, and enjoyed; and how they cease to exist. It really has a vast potential subject area, and most of the field that goes under the name "economics" constitutes a shallow and constricted portion of that subject area.
The contemporary institutional shackles placed on the subject of economics are an expression of the desire to confine consideration of the possible forms of social organization in the production and distribution of value to a narrow ideological range.
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Even in that post, the focus is all on the insttitutional structure of markets. But markets are only one mechanism by which goods are distributed, after they are produced. Focusing on distributional mechanisms entirely leaves productive mechanisms out of the story.
In a broad sense, economics might be thought of as the general science of the way things of value are brought into existence; the way they are accessed, controlled, and enjoyed; and how they cease to exist. It really has a vast potential subject area, and most of the field that goes under the name "economics" constitutes a shallow and constricted portion of that subject area.
The contemporary institutional shackles placed on the subject of economics are an expression of the desire to confine consideration of the possible forms of social organization in the production and distribution of value to a narrow ideological range.
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