In contrast to economists from Adam Smith and Karl Marx through John Maynard Keynes, Friedrich Hayek, and even Milton Friedman, [current economists] have largely stopped thinking about ethics and about what constitutes human well-being.
Well, OK. So let’s go back to Smith, Hayek and Friedman, those economists who thought abuot ethics and what constitutes human well-being then.
Nobody needs to think about Basildon. Even those living in Laindon.
I don’t know if Tom is real or a piss-taker. If the latter, hats off to you Sir and I’m sure Lord Ashcroft would agree that cretins shouldn’t be publishing their own blogs!
Tom Cadogan says:
March 27 2024 at 9:11 am
I suppose I am saying that social media (and all websites with comments) could be a bit of a bear trap for people who may get a bit trigger happy with their postings and end up making comments or observations they may later regret?
0
Richard Murphy says:
March 27 2024 at 10:07 am
Maybe..
Think before you ink has long been a very good maxim
I thought he was proud of not studying economics so how does he know what Adam Smith and Karl Marx through John Maynard Keynes, Friedrich Hayek think?
And if he has read them in later life why does he build so many strawmen arguments that are so easily refuted by those who have read them?
In contrast to economists from Adam Smith and Karl Marx through John Maynard Keynes, Friedrich Hayek, and even Milton Friedman, [current economists] have largely stopped thinking about ethics and about what constitutes human well-being.
Another of Murphy’s sweeping claims that has little in the way of a grounding in fact.
It’s worth noting that Murphy’s concern for ethics and human well-being only extends as far as said concern advances his personal agenda.
For 20 marks, explain, in your own words, how human well being would be served by the reduction of human agency that would inevitably arise from the increased State control of resources via MMT and the resultant taxation to fuck and back.
Assertions that the populace are happier when controlled need to be supported by historical examples.
Does Spud not know that Marx was not an economist?
I would point out that that quote is Murphy quoting Angus Deaton
I would also argue that for someone who embodies evil in human form to spuriously claim the moral high ground over the late Milton Friedman is grotesque