Are the Kids Alright ? Part II

[Hugh Conway]

Let us know when you two dipshits get all the "bugs" worked out of your plan. Maybe we'll come by and visit.

 

Amusingly ironic from the ideology currently wishing to change humanity to fit their scripture

[Fairweather]

Huh?

 

There was this thing called The Enlightenment. Sorry you missed it.

[j_b]

Do you really think it's primarily official tax regimes that explain the difference between France, Germany, and the countries with massive housing bubbles?

 

The difference in tax regime, in particular the existence of tax havens (Ireland, the City, etc..), and lower than usual corporation tax rates concurrently with widespread deregulation of financial services, and financierization of economies, all played a part in the financial bubble. Without, tax avoidance/minimization none of this would have been possible or would have been as attractive.

[JayB]

It is good to see economics as a discipline rediscovering political economy, however much destruction it's taken to drag it to begin to grudgingly acknowledge what the critical social sciences have understood for decades. Your own personal conversion is somewhat less inspiring if only due to your trying to convince us it's been your position all along. It's rather creepy really.

"It suggests rather that there is something fundamentally wrong with an approach which habitually disregards an essential part of the phenomena with which we have to deal: the unavoidable imperfection of man's knowledge and the consequent need for a process by which knowledge is constantly communicated and acquired. Any approach, such as that of much of mathematical economics with its simultaneous equations, which in effect starts from the assumption that people's knowledge corresponds with the objective facts of the situation, systematically leaves out what is our main task to explain. I am far from denying that in our system equilibrium analysis has a useful function to perform. But when it comes to the point where it misleads some of our leading thinkers into believing that the situation which it describes has direct relevance to the solution of practical problems, it is high time that we remember that it does not deal with the social process at all and that it is no more than a useful preliminary to the study of the main problem."

 

Date and source for triple bonus points!

[Jim]

Not Individualism and Economic Order again! 1957?