November 17, 2022

Autumn Statement

Economics is not a science.   How could it be?   It works with and on and around human beings.

It’s an art.  That used to be called political economy.  Until economists with certain politics decided to change that, to make it sound more scientific.

Nevertheless, economics, unlike physics (whose laws will be true even when we are no longer around to observe them), remains a purely human construct.   Something we make up to explain how the world works.

That means it can be wrong.   There can be alternatives which explain things better, or produce different results.   It all depends on the politics and the assumptions that politics makes about human beings.

So, if you’re interested in alternative economic constructs, here are some books I recommend:

  • The Deficit Myth
  • Doughnut Economics
  • 23 things they don’t tell you about capitalism
  • The Joy of Tax
  • The Production of Money
  • Poor Economics
  • The Value of Everything
  • Everything for Everyone
  • Capital in the 21st Century and it’s companion Capital and Ideology.
  • Principles of political economy and taxation
  • The Wealth of Nations
  • Capital

They’re all wrong of course.

But depending on what you’re trying to achieve they may be more helpful.

And at least you can make up your own mind.