"Africa is, indeed, coming into fashion." - Horace Walpole (1774)

10.09.2009

this & that

2 Comments:

Anonymous Ranil Dissanayake said...

I read the Posner article a while back, and it's marvelous. A friend and I had been discussing something very similar a couple of days before it came out.

My favourite economists are Marx, Keynes, Kalecki and much of Smith. What they all have in common is that they understand that economies are more than a collection of rules, resources and rule-abiding individuals; they are reflections of and agents of a social structure that behaves, like all social systems, in complex and sometimes contradictory or opaque ways.

All of these economists have flaws, but none of them ever bought into the reductionism that modern economics is built upon, even as it incorporates more and more 'variables'. We should not understand 'culture' or 'conflict' as variables to be measured, but as fully complex phenomena in their own right.

btw, if you like Keynes, you should really have a gander at Kalecki's multiplier-accelerator model. More sophisticated in its understanding of relations; and with greater feedback mechanisms.

Friday, October 09, 2009 3:40:00 AM

 
Blogger Dustyn Winder said...

Is the best flag ever to imply that the Benin Bronzes are actually the heads of decapitated less-than-talented sword fighters?

Saturday, October 10, 2009 12:21:00 PM

 

Post a Comment

<< Home