Quote:
Originally Posted by Hot, crispy nice hobbit
Somehow, much hostility seemed to have sprung from the notion that economics is ammoral and political. To me (or, for that matter, to anyone who has to earn a living), the term has nothing after it other than the necessities of life. Taking this defintion, the term economics would have about just as much meaning to a savage as to a businessman.
But values, however, force people to choose: often between efficiency and equity. Again, that is simple economics... only this time there's a moral (some call political) ring to it. So why not keep things simple?
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You have a very quaint view of economics. One would think there were never any Federal Reserve, oil cartels, money devaluations, inflation, stock fraud or market speculations and fluctuations. I think the savage would be scratching his head and asking for his beads back.