Jesse Norman sent me a copy of his new book "Compassionate Economics".
Lots of good stuff…and a few slightly tangled arguments. But essentially, compassionate economics is:
In technical terms, it is a blend of institutional, behavioural and “Austrian” economics.
Or as we might term that, classical liberalism. I fully agree of course but in trying to sell that to the Tory Party well, good luck to you, you\’re going to need it.
I was once accused of being “compassionate”. Fuck off, I cheerily replied.
That a thesis with such a title can be published reinforces my belief that economics should now be considered a religion, nota science.
Where is the compassion in the doings of the pin factory, or in E=MCSquared?