Economists

oddsox

Well-known member
Joined
Oct 20, 2010
Messages
802
Was there a sale on economists,, they are everywhere, on every f'n radio and tv station,, where were they when you need one, they're like buses, nothing all day then 3 come along,,, Did Lee immigrate??????????????????
Soap stars the lot of them!!!!!!!!!!!
 
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Polytics.Irie

Active member
Joined
Oct 2, 2009
Messages
113
LOL OP.

FF are like an 80's band. 1 song about drugs, 1 song about 'the north', 1 song about poverty.

Blame economists. Blame the BBC. Deny realty. Radically increase flourde dose.
 

Iarmuid

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Joined
Sep 12, 2010
Messages
1,650
their like priests telling you how we need to get rich and find consumer heaven
Your not too far off the mark, the religion is a particularly insidous one - much of economic "theory" is derived from Jermey Bentham's notion of "utility" a furthering of the concept of hedonism, thus economics while being logically and internally consistitent, does not lend itself much to common sense, real life, nor morality. The financial system, we find ourselves in, is testament to this reality.

Prof. Steve Keen has a good book on this, tracing the history of economic theory and the problems found within, called Debunking Economics - the naked emperor - recommended reading.

Economics: Debunking Economics Overview

You can find a primer on Benthan, Hedonism and Utility here
Bentham, however, took a different tack. Although admitting that individuals are chiefly self-interested, Bentham denied any natural harmony of egoisms. Crime, for example, provides a case of self-interested behavior that violates the public interest. The very fact that crime existed was for Bentham sufficient proof that natural harmony did not. The central tenet of Bentham's philosophy, therefore, was that the interest of each individual must be identified with the general interest, and that it was the business of the legislator to bring about this identification through direct intercession. Thus it was in the form of the artificial identity of interests framework that Bentham first adopted the utility principle. His doctrine came to be known as utilitarianism.

On the surface, Bentham's doctrine bears a resemblance to the ancient Greek philosophy of hedonism, which also held that moral duty is fulfilled in the gratification of pleasure-seeking interests. But hedonism prescribes individual actions without reference to the general happiness. Utilitarianism added to hedonism the ethical doctrine that human conduct should be directed toward maximizing the happiness of the greatest number of people. "The great -est happiness for the greatest number'' was the watch phrase of the utilitari-"ans - those who came to share in Bentham's philosophy.
Economic: Jeremy Bentham - Principle Of Utility
 
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