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    tante (tante@tldr.nettime.org)'s status on Wednesday, 20-Mar-2024 20:25:25 JST tante tante

    Quote:"Without an analysis of power, it is hard to understand inequality or much else in modern capitalism."

    Good that finally some economists are waking up to see how much their simplistic models have ruined the world.

    (Original title: Nobel laureate economist savages profession as clueless, unethical)

    https://www.crikey.com.au/2024/03/12/nobel-laureate-economist-angus-deaton-capitalism-power/

    In conversation about 8 months ago from tldr.nettime.org permalink

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    1. Domain not in remote thumbnail source whitelist: www.crikey.com.au
      Nobel laureate economist savages his own profession as clueless and unethical
      from Bernard Keane
      Nobel Laureate economist Angus Deaton has delivered a ferocious rebuke to his own profession, saying economists have failed to understand that capitalism is about power.

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