So I’d want to teach now. And what? I suspect it would be on finding the new state of well-being to replace the economist’s conventional idea of equilibrium.
Equilibrium has never appealed to me. It is antithetical to everything I believe in: change that drives increase in well-being; doing better, just because it’s what we as people are really meant to do; exploring new ideas, relationships and experiences because they are how we grow. None of that suggests this state where nothing can change or all will be worse off has any merit to it at all. In fact, I simply do not believe that state exists, or should, so aiming for it is positively harmful. It is merely a statement of the conservative mind set made manifest in economic theory.
But equally, I do not think that opportunity is unfettered; we now know that and so choice is inevitable, but the choice we make cannot be driven by the absurd notions of Pareto optimality.
Please, someone explain!