https://www.youtube.com/watch?v=XC_SdUvMBUc
"a new book is out and it argues that under capitalism, the rich get richer. this, quite naturally, has rocked the economics profession to its' core."
whaaaaaaaaaa
postposting posted:Piketty said that he is unsure if he would have had the courage to write his book during the heat of the Cold War. "I don't know what I would have done. I'm lucky enough to belong to a generation, and maybe to the first generation, that didn't have to make that kind of choice, because the Soviet Union was gone," he said.
So brave.
Edited by quibs ()
getting noticed by a cool kid im movin up yeah
Ahem. [Opens a pink book with a Rocket-strapped gorilla on both covers]
:
Marx’s dark prophecy came no closer to being realized than Ricardo’s. In the last third of the nineteenth century, wages finally began to increase: the improvement in the purchasing power of workers spread everywhere, and this changed the situation radically, even if extreme inequalities persisted and in some respects continued to increase until World War I. The communist revolution did indeed take place, but in the most backward country in Europe, Russia, where the Industrial Revolution had scarcely begun, whereas the most advanced European countries explored other, social democratic avenues—fortunately for their citizens. Like his predecessors, Marx totally neglected the possibility of durable technological progress and steadily increasing productivity, which is a force that can to some extent serve as a counterweight to the process of accumulation and concentration of private capital.
He probably suffered as well from having decided on his conclusions in 1848, before embarking on the research needed to justify them.
I should perhaps add that I experienced the American dream at the age of twenty two, when I was hired by a university near Boston just after finishing my doctorate.This experience proved to be decisive in more ways than one. It was the first time I had set foot in the United States, and it felt good to have my work recognized so quickly.
im permabanned poster niggerstomper58. i first started reading economics when i was about 12. by 14 i got really obsessed with the concept of "wages" and tried to channel it constantly, until my thought process got really bizarre and i would repeat things like "friend of the family wage increases" and "i love making HSBC deposits inside friend of the family assholes" in my head for hours, and i would get really paranoid, start seeing things in the corners of my eyes etc, basically prodromal schizophrenia. im now on antipsychotics. i always wondered what the kind of "bourgeois" style of economics was all about; i think it's the unconscious leaking in to the conscious, what jungian theory considered to be the cause of schizophrenic and schizotypal syptoms. i would advise all people who "get" economics to be careful because that likely means you have a predisposition to a mental illness. peace.
TheIneff posted:i don't get this dude then because apparently he reads the data and goes "yeah ofcourse capital exists to grow and eat and become More at the expense of literally everything else" but in the same breath "but yeah I've got nothing w/r/t solutions um global taxes? maybe a new world war? anyway yeah Capital in the 21st everyone woo" I need to read this shit for myself
I can't lie to you about your chances, but... you have my sympathies.
postposting posted:Piketty said that he is unsure if he would have had the courage to write his book during the heat of the Cold War. "I don't know what I would have done. I'm lucky enough to belong to a generation, and maybe to the first generation, that didn't have to make that kind of choice, because the Soviet Union was gone," he said.
lmfao
IC: Can you talk a little bit about the effect of Marx on your thinking and how you came to start reading him?
TP: Marx?
IC: Yeah.
TP: I never managed really to read it. I mean I don’t know if you’ve tried to read it. Have you tried?
IC: Some of his essays, but not the economics work.
TP: The Communist Manifesto of 1848 is a short and strong piece. Das Kapital, I think, is very difficult to read and for me it was not very influential.
IC: Because your book, obviously with the title, it seemed like you were tipping your hat to him in some ways.
TP: No not at all, not at all! The big difference is that my book is a book about the history of capital. In the books of Marx there’s no data.
what a clown lol. the quote Crow posted about technological progress makes it really obvious he aint read shit
another gem:
Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don’t know very much in economics.
Edited by Chthonic_Goat_666 ()
Makeshift_Swahili posted:Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don’t know very much in economics.
can someone explain this to me
gwarp posted:Makeshift_Swahili posted:Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don’t know very much in economics.
can someone explain this to me
what do u mean?
Makeshift_Swahili posted:http://www.newrepublic.com/article/117655/thomas-piketty-interview-economist-discusses-his-distaste-marxIC: Can you talk a little bit about the effect of Marx on your thinking and how you came to start reading him?
TP: Marx?
IC: Yeah.
TP: I never managed really to read it. I mean I don’t know if you’ve tried to read it. Have you tried?
IC: Some of his essays, but not the economics work.
TP: The Communist Manifesto of 1848 is a short and strong piece. Das Kapital, I think, is very difficult to read and for me it was not very influential.
IC: Because your book, obviously with the title, it seemed like you were tipping your hat to him in some ways.
TP: No not at all, not at all! The big difference is that my book is a book about the history of capital. In the books of Marx there’s no data.
lol he actually said these things
aerdil posted:god i hate the people in this world.
Crow posted:im permabanned investor niggerstomper58.
deadken posted:
god you're a twat
aerdil posted:How can I accept a doctrine which sets up as its bible…an obsolete economic textbook which I know to be not only scientifically erroneous but without interest or application for the modern world? How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above the bourgeois and the intelligentsia who, with whatever faults, are the quality in life and surely carry the seeds of all human advancement? Even if we need a religion how can we find it in the turbid rubbish of the Red bookshops? It is hard for an educated, decent, intelligent son of western Europe to find his ideals here, unless he has first suffered some strange and horrid process of conversion which has changed all his values.
i do prefer fish to mud but i'm not too picky
Makeshift_Swahili posted:gwarp posted:Makeshift_Swahili posted:Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don’t know very much in economics.
can someone explain this to me
what do u mean?
that it's a funny joke 
u dont have jurisdiction here, piggie
postposting posted:Makeshift_Swahili posted:http://www.newrepublic.com/article/117655/thomas-piketty-interview-economist-discusses-his-distaste-marxIC: Can you talk a little bit about the effect of Marx on your thinking and how you came to start reading him?
TP: Marx?
IC: Yeah.
TP: I never managed really to read it. I mean I don’t know if you’ve tried to read it. Have you tried?
IC: Some of his essays, but not the economics work.
TP: The Communist Manifesto of 1848 is a short and strong piece. Das Kapital, I think, is very difficult to read and for me it was not very influential.
IC: Because your book, obviously with the title, it seemed like you were tipping your hat to him in some ways.
TP: No not at all, not at all! The big difference is that my book is a book about the history of capital. In the books of Marx there’s no data.
lol he actually said these things
Half of ‘Das Kapital’ is wage/market price spreadsheets that cover decades. There is an autistic amount of data about obscure linen industries on every page. How did you write a socialist monograph called ‘Capital’ and not even open the book.
postposting posted:Makeshift_Swahili posted:
http://www.newrepublic.com/article/117655/thomas-piketty-interview-economist-discusses-his-distaste-marxIC: Can you talk a little bit about the effect of Marx on your thinking and how you came to start reading him?
TP: Marx?
IC: Yeah.
TP: I never managed really to read it. I mean I don’t know if you’ve tried to read it. Have you tried?
IC: Some of his essays, but not the economics work.
TP: The Communist Manifesto of 1848 is a short and strong piece. Das Kapital, I think, is very difficult to read and for me it was not very influential.
IC: Because your book, obviously with the title, it seemed like you were tipping your hat to him in some ways.
TP: No not at all, not at all! The big difference is that my book is a book about the history of capital. In the books of Marx there’s no data.
lol he actually said these things
getfiscal posted:aerdil posted:god i hate the people in this world.
http://gawker.com/unions-should-buy-a-fast-food-franchise-1573012632 lol