PixelJones on Nostr: Scottish Nobel-prize-winning Economist, Angus Deaton, just dropped a huge Truth Bomb ...
Scottish Nobel-prize-winning Economist, Angus Deaton, just dropped a huge Truth Bomb on his fellow economists.
"[Economists] have largely stopped thinking about ethics and about what constitutes human well-being [equating it] with money or consumption, missing much of what matters to people ... [Without taking into account Power] our recommendations become little more than a license for plunder."
#Economics #Capitalism
https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton
"[Economists] have largely stopped thinking about ethics and about what constitutes human well-being [equating it] with money or consumption, missing much of what matters to people ... [Without taking into account Power] our recommendations become little more than a license for plunder."
#Economics #Capitalism
https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton