11-12-2012, 08:54 PM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by ebacon
Wealth of Nations is a study on the nature of feedback systems in the economy. Things like supply vs demand and associated price effects, green space development and profitability, corporations and labor, etc. etc.
It's pretty interesting. I have not read the entire book yet but it is fun in a nerdy way. It certainly lays to rest any argument of "well no one could see THAT coming."
Adam Smith saw most all of it coming. Karl Marx added thoughts to account for automation and the messes that come with it. Those two guys did the heavy lifting in economic thought. Everything after that is incremental and, IMO, in large part manipulative instead of instructive. By manipulative I mean deceitful. The new stuff seems to be trickery to grow GDP but it ignores the effects on people that have to live with the crap. Adam Smith and Karl Marx put people at the forefront.
And what is life after all? People.
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Excellent post.
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"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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