Thursday, October 1, 2009

Econosophy, my desired baby

Philosophy and economics need to get it on and have a baby. The baby would be called Econosophy. It would grow up dedicating itself to the study of value and wealth. Only after it had made a sensible and sound pronouncement, one upon which we all agreed, would economics finally have a serious chance of being anything other than smoke, mirrors and obfuscation.

Do not contemporary elites have two preferred tools for perpetuating their status quo? One would be standing armies (force), the other economics (jargon). In this regard, economics could be said to have replaced religion as a choice tool of the elite.

Just my two cents. Or three. Depends on the value of the Euro today. And on what value you place on my pondering.

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