homo economicus and homicidal economists.
could the real economists please stand ..!!!
as the pillars of the guilded bastion continue to go down.. lol.. and the silk suited backsides of the establishment begin furtively looking around for a place to run, (bernie madoff was small beer) …. the question is starting to arise… what form will the new economics take?
it’s a serious question. the last faculty of economics I visited was full of yes-men and uber intelligent liars so blinded by Chicago (economics school) that it takes little imagination to vision the drab sandstone building that once housed them as a burnt out shell (given a year or two.).. haunt of owls and vermin. in a crumbling concrete jungle. like the burnt-out cat-house of a former generation.
all the experts and all the billions of dollars and still children starve… to death. day by day .. by the thousands while the 'economists' flick channels on sky.
well here at tejas fu’s political economy... its benevolence towards children and the vulnerable that is the ultimate criterion in business. ,,,…shove your greenback up your bottom line.
but what of the real economics?
real economics fits into the sustainability framework..(this is the point i want to make.)
it is hinted at by people like professor mohammad yunus of the grameen bank.. it is about social capital..
professor yunus’s story goes like this:-
was deeply affected by a famine in Bangladesh in 1974 and set about trying to find a way out of poverty for the vulnerable. he finally came up with microcredit (against the background of the massive failures of the above mentioned pseudo-economist and w/bankers.)
professor yunus worked tirelessly.. not to maximize his profit.. but to minimize the poverty of his people. that is what a real economist does in case anyone didn’t know.
so there is cause for huge optimism.. once that the bloodsucking incubus of global neo-conservatism’s bottomline is outed, there is a chance for a huge leap forward for the economy/ecology of the planet. because yunus isn’t the only one. there are other real people.
just imagine what the world would be like if economists devoted their time to maximising a society’s real capital.. its people and their talent of gold..(not the metal).
the opportunity will have to be seized and held on to by the real economists. now is the start of a power vacuum.
so begins the interregnum.
t.f.
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