Meta-economics (cont.)

(Vintage book cover 2011 edition)

I owe any readers of this blog a definition of meta-economics...

"Prof E.H. Phelps Brown, in his Presidential Address to the Royal Economic Society on ‘The Underdevelopment of Economics’, talked about ‘the smallness of the contribution that the most conspicuous developments in economics in the last quarter of a century have made to the solution of the most pressing problems of the times’, and among these problems he lists ‘checking the adverse effects on the environment and the quality of life of industrialism, population growth and urbanism’.

Blindness, absurdity and meta-economics

No hear, no see, no speak

Blindness

Blindness to the true human condition - even within ourselves - is amplified by the doom and gloom coming from our media and our politicians:

We all constantly hear in the news how high street sales etc have gone down, and how terrible this is for an economy that is (still) in recession. "We hope that sales will pick up soon!" And then, we will all be happier, will we?! Okaaay...