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    Phil Stevens :tinoflag: (phil_stevens@mastodon.nz)'s status on Monday, 29-Jan-2024 17:39:52 JSTPhil Stevens :tinoflag:Phil Stevens :tinoflag:
    in reply to
    • Lien Rag
    • Gerry McGovern
    • Kyle Montanio
    • GeofCox
    • 504DR

    @FantasticalEconomics @GeofCox @504DR @lienrag @gerrymcgovern You can blame Jevons for that. Because of his science and engineering background, he thought economics should follow similar axiomatic frameworks. His blind spots were failures to recognise that markets are an emergent property of human psychology, and that all financial activity is inextricably dependent on biophysical resources.

    In conversationMonday, 29-Jan-2024 17:39:52 JST from mastodon.nzpermalink
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