Monday 21 May 2012

Critique of current economics by economists

BBC Radio 4's 'Start the week' programme today featured a very temperate debate on 'Money & Morality' between Michael Sandel, Diane Coyle and Grigory Yavlinsky.

Although it did dig into ecomomics, it only (in my view) got as far as society in the abstract, and didn't really get at the concept of the human/biological needs that the economy truly needs to fulfil.

Towards the end of what (in their defence) was only a 28 minute long programme, Coyle gave an opinion with which I strongly disagree. "We need growth ... because it brings jobs." I won't restate here wy I disagree with that, but I will try to contact Coyle to tell her why I think she is wrong to say that.

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