A reader here (sorry, name has passed me by) unkindly sent me a copy of The Courageous State. I have managed to stagger through the introduction. In which I find this:
“Although economics seems never to have recognised that we are empathic beings.”
The classic description of empathy of course being Adam Smith in Theory of Moral Sentiments. We twist and turn when watching the walker upon the rope as if it is our own body up there….etc, etc.
Look, checking what he’s got wrong today is a fun way of exercising the brain for a minute or two. But reading three whole book’s worth of this shit (yes, there’s a third on the way) is expensive. I ain’t doing it for less than £40k. About 6 month’s worth of what he gets for producing this crap.
It’s not just that he’s a moron, it’s that he’s an ignorant moron.
“Neoliberal economics assumes that there is nothing that markets do not know, and therefore nothing that they have not already built into the prices that they charge”
Nope. Neoliberal, in fact entirely conventional, economics, assumes that that which is known is included into prices. What is unknown is what changes prices as it becomes known.
An ignorant fucking moron, or should that be fucking ignorant moron?
Nope, sorry, I ain’t paid to deal with this shit. I will maximise my potential, as Ritchie would put it, or maximise my utility as every one else would put it, by observing that worrying pimple on the backside of my dog instead.
Jeebus but the man’s stupid.