First: abandoning Newtonian economics
Orthodox economics rests on Newtonian metaphors. Equilibrium. Rational agents. Predictable outcomes disturbed only by small shocks.But economies are not machines that tend to balance. They are complex, uncertain, and entangled systems. Just as physics had to abandon Newtonian mechanics at the atomic level to develop quantum understanding that addressed previously unanswered questions, so must economics abandon its equilibrium fantasies to now address the problems seen in the real world that we live in.
A quantum political economy accepts that stability is not natural, that uncertainty is real, and that relationships matter more than isolated agents.
Strip the physics comparisons from this and which part of that cannot be derived from The Pretence of Knowledge?
It seems the thick cunt still hasn’t realised that, if there is any validity at all in quantum economics, it renders state direction and planning of the economy completely redundant.
I was going to write: “You can’t argue that economic forecasting is nonsense and that state planning of the economy is the way forward,” but of course you can if you are a mentally ill halfwit who doesn’t understand any of the concepts ChatGPT has unearthed for him.
It’s just bizarre to watch him wrestle with this in real time. He’s got this super clever insight only a genius like him can come up with and us mere mortals don’t understand. Now he just needs to come up with a grand unified theory of everything, that’s proves he’s been right all along.
Of course – not a shred of *math* is ever even attempted in this whole process.
He has fully turned into a crank. The transformation is complete.
Funny how we all get more right-wing as we get older.
Y’know, I was a rabid right winger even when I was a kid.
That explains so much!!!!!
Spud seems to have plugged into some sort of random bullshit generator!
Sooner or later he will be repurposing this for economics terms:
Sebpearce.com/bullshit/
(It’s hilariously excellent for the hippy in your life).
At this rate of progress he will soon discover the economic god particle which he will call the Murphy
Which will have no substance, but infinite gravitas, no doubt.
Seems more likely to be his “AI” coming up with this stuff. He trained it on his blog and it found the comments section, realising the fun balance of blowing smoke up his arse whilst taking the piss.Yes, even his AI thinks he’s a twat.
PJF – totally agree – the AI seems to be lampooning him from what I can see.
Although I genuinely think when I read this extract that he’s simply blinded by terminology he has at best a peripheral understanding of:
A quantum political economy is not physics misapplied. It is a recognition that the metaphors of quantum mechanics — uncertainty, duality, entanglement, finitude, collapse — fit economics better than Newtonian equilibrium ever did.
From these insights comes a political economy that is both more honest and more hopeful. Honest, because it recognises limits. Hopeful, because it shows abundance is possible within them.
This is the framework we need if we are to fund the future.
‘Double – entry is entanglement’ did make me chuckle – Hopefully Rocco is reading..
The Deeper He Gets Into This The More Hayekian He Becomes …
… the greater the cognitive dissonance he has to deal with which must be at least one factor in his increasingly deranged state that Spud watchers report here often.
Spud – “economies are far too complex for simple theories to be applied to – therefore let me run everything!”
Tim
I’d also point out whether through the Wonders of ‘Quantum economics’ or because he’s disturbed by the arrival of Trump, he’s got a cornucopia of fiskable posts. The ones on Trump are funny enough – I definitely need to invest in an SUV similar to the ones the Secret Service use – but the one on Danny Kruger is simply beyond demented. I think it might have been one of the John’s who suggested using ChatGPT in his mental state was hazardous and today’s output arguably confirms that.
Without reading them let me take a shot at a summary – they’re both fascists. Do I win a prize?
Clarence
Actually Kruger was a ‘Christian Nationalist’ albeit they’re closely linked – no prize on this occasion….
Really tempted to write to the Institute of Physics and tell them that their subject is being murdered.
“Rational agents …”
He does know that this a technical term right? I think it was one of the first things I learned when I came across this blog.
“Predictable outcomes”
Beyond parody. Economic predictions are on a level with voodoo and astrology.
“Newtonian mechanics at the atomic level to develop quantum understanding”
No it’s different scales you twonk. Newtonian physics isn’t wrong, it’s just not universally applicable.
Martin… I don’t think the Institute would care…
They are full well aware 99.999% of people pretending to understand “Quantum” butcher the concept.
It’s when someone demonstrably actually groks it …. THEN they’ll start to worry..
OT but has anyone else who is a director of a company received this bullshit about verifying your identity, something which can only be done via the ‘GOV.UK One Login’ system.
Nice.
Yes.
I also learned that the passport-photo verification tool still works if I hold up a middle finger…
Would that I could adopt the same approach. I take it there’s no obvious way round it? It’s obviously the digital ID/panopticonic flavour which concerns me.
Yep. You’re lucky, though. You’ve only got yourself to ID, I’ve got 100s of clients who claim they’re incapable of doing it themselves “and can I help them”.
Thoughts and prayers. But remember the billable hours.
Yes. And d’you know what? They can fuck off. I’ll simply retire, close the company, and work cash in hand.
Unfortunately I can’t do that but if I could I would. I could just do nothing, which is tempting.
@VP
Be careful with the SUV – he knows they’re watching….
Richard Murphy says:
September 16 2025 at 5:14 pm
Unless we speak out we have already succumbed.
And I have long presumed I have been monitored by security services. Given my track record they would be, as my wife puts it, negligent not to notice.
Pity the poor bugger at MI5 who has to read his nonsense. Probably gets hazard pay.
More likely that the Chinese or Russians have monitored him to see if he could be a useful idiot but decided he was too idiotic
He is the definition of a ‘useful idiot’ of course but far too indiscreet to be considered a genuine agent!!
Two can play at this game…
Quantum MMT: The Wavefunction of Sovereign Spending
Classical MMT rightly notes that a currency issuer can’t “run out of money,” but it treats spending and taxation as if they commute — spend first, tax later, no matter the sequence. It also handwaves away inflation as if it’s always a policy knob, when in reality path-dependence and feedback loops matter. Quantum MMT fixes this by admitting non-commuting operations and interference effects: the order of fiscal moves changes outcomes, and policies can amplify or cancel depending on context.
During the COVID lockdowns, things got awkward. Both Polly and Richard insisted on using masks and the donkey refused to have anything to do with them. I have tried to set up scenes occasionally but Polly prefers to stay in Tuscany for fear of the far Right rampaging in London and donkey took an aversion to Richie’s attempt to grow a beard. He was also getting a bit long in the tooth for the kind of scenes Richie had in mind. I am trying to get Richie to break in a replacement but he is too busy trying to learn quantum physics to have sex with a donkey
Tim, the man is clearly entering a mental health crisis – this AI bullshit is fueling his delusions. These people can become very dangerous to themselves and others.
A quantum political economy accepts that stability is not natural, that uncertainty is real, and that relationships matter more than isolated agents.
What the ever-loving fuck is he on about?
This is a clear misunderstanding of physics on every level. Newtonian and Quantum.
All anything ever does is try to become more stable.
Atoms and particles try to give away energy. They want to return to the lowest possible energy state (the most stable).
That’s why your dinner gets cold if you leave it on the table – the molecules in the food don’t want to be bouncing around so excitedly so they emit heat until they reach an equilibrium with the surroundings.
This is such basic science I learned it at 11 years old.
What a retard.