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RE: Economics is “horrendously misguided” and obsessed with “completely unimportant things”

in #economics8 years ago

Ha-Joon Chang gets close enough to talking about morality. Among other things, he argues that: "all major developed countries used interventionist economic policies in order to get rich and then tried to forbid other countries from doing similarly" in his book "Kicking Away the Ladder". That book was followed by "Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism".
Modern Monetary Theory as put forward by Bill Mitchell et al. also doesn't shun the odd moral discourse.
Many people here of the "free market will solve all and the less intervention the better"-ilk will have steem (hah!) coming from their ears when they read these books, but that is not necessarily a bad thing.

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Thanks for the recommendations:)