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Someone should tell China they are doing it all wrong.
(hexbear.net)
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this post was submitted on 15 Jan 2024
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Most neocons and libs haven't actually read Popper, Jevons or Hayek. And even if theu did, most of them are pretty reductive modelers, Popper intentionally so. Ultimately, they are just intellectual veneers for arguing for the continuation of things, Hayek and Jevons in particular the maximization of the creation of Money in the Money-Commodity-Money cycle, even going so far as a M-M cycle, because in their mind money is commodity value, even though we know that money that cannot translate into commodities is useless, power lies in the ability to marshall productive labor and control commodity production, which currency is pretty good at, but you can absolutely bypass it. Which is why no current national economic model actually follows Austrian economics, even if certain companies do.
Yeah that's fair. I was looking at it because I am working on a genealogy of economic & sociological thought. It's necessary to drudge through the mud and see what I can get. Hayek really didn't like the over-reliance on statistics or comprehensive models... imaginary stuff seemed to be the best for him.