Economics is a vastly complicated subject; it can be complicated as life itself. It deals with the exploitation for profit of the material world - in particular how to do it efficiently. As defined by economists, it is the efficient allocation of scarce resources. Neo-Liberal or neo-classical economics is the most popular type around today - it is what is taught in school. Claiming to be a science it ignores the politics of an issue …
showed first 75 words of 5098 total

showed last 75 words of 5098 total
…military imperialism are glossed over as somehow a defence for "freedom" when the very political and greedy economic consequences are overlooked.43 The effects of this cannot be ignored: A reduction of critical productive thinking among the masses and more concentration of wealth and power. Economists serve to alienate the masses from knowledge of what is going on as they live in ivory towers. As my fellow economics student put it, "Economics is only for brainiacs"44