![]() Simply put, financial crises happen over and over again because our existent economic model ( as Marx saw before anyone) has these crises embedded within it. Well, as Nassim Nicholas Taleb – who fervently advocates the cancelation of the Nobel Prize for Economics – has made it clear on more than one occasion, it is because economics is not actually as scientific as all those equations and graphs would have you believe. Unfortunately, economics has failed us – over and over again.Īs the financial crisis of 2008 demonstrated – for the thousandth time – economics is not capable of predicting, let alone preventing apocalyptic events which cause the downfall of corporations and cost thousands of people their homes and even lives. Who Should Read “Doughnut Economics”? And Why?ĭoughnut Economics is a book by an economist for people who are not interested in economy also, for people who have had it enough with the discipline, believing (like us) that it’s stopped being a science ever since it proclaimed itself as one.įinally, it is a book for all those concerned that economic growth has all but destroyed our planet this is one of the rare books by economists which prefers the latter to the former. ![]()
0 Comments
Leave a Reply. |