Comments by "Tony Wilson" (@tonywilson4713) on "How Does This Happen In The Richest Country In History?" video.

  1. I did Econ 101 as one of my humanities options to doing aerospace engineering. After a couple of lectures of this guy explaining yet another market type with yet another supply-demand graph I asked him (after class) what the math was behind these graphs. He asked what was I talking about and I asked again "you're drawing these graphs I was wondering what the math is?" He then asked what my major was and I said "aerospace and when we draw a graph there's a formula or there's data." I might NOT have all that conversation perfectly remembered but I'll never forget his reply. "This is economics we don't do math here!" I did press him further and he eventually admitted that at the higher levels they did some, but nothing like engineering. In recent years I have been trying to understand WHY economists are doing what they do. My main motivation is they have infected engineering with some very bad practices that's lead to some very bad outcomes, most notably in electricity generation and distribution and its a disaster across the entire Western developed world and its going to cost TRILLIONS to fix. Eventually I stumbled across the Australian Economist Steve Keen and he's what I'd call one of the rebel economists. He's been trying to expose and educate people to what Economists have done. The most amazing of Steve's revelations is that mainstream (classical and neo-classical) economists don't even include energy in there modelling. Another person I stumbled across who talks a lot like Mark Paul is professor Mark Blyth (Brown U.). He leads a unit at Brown called the Rhodes Centre and he does interviews like this one where he talks to other "fringe" economists, sociologists and others who have written books similar to what Mark Paul has written. One Mark Blyth's recent interviews was with George DeMartino’s who wrote the book, “The Tragic Science: How Economists Cause Harm (Even as They Aspire to Do Good)” The YouTube video title is The Rhodes Center Podcast: Does economics do more harm than good? There's a whole bunch of similar interviews with authors Mark has done and if anyone wants to get the gist of what these people are on about without having to get the book and read it these interviews are FREE and here on YT.
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