Bringing Back Philosophy into Economics – Minimum Wage

October 24, 2010

(To increase the font in this essay – hold down the Ctrl key and keep pressing +) I strive very hard to keep things in the right scale, right perspective and right framework – you could say I am paranoid about losing this mythical line, balance and vantage – it matters very little to me whether it it’s 4.30 am Kendo practice on a weekend or a mountain bike ride or even a boardroom session – without a right perspective – you can never make a good decision – it will always come back and bite you; because you just didn’t bother with the details which turned out to be everything and much more.

One of the things I have always been mindful of is how every discipline can at some point turn against itself and even eat it’s own tail – it doesn’t matter what the motivations are; it could be justifying imperialism, slavery or just treating people like shit – what is important here is to understand that; that sort of abuse can all too often permeate a discipline; be it engineering, economics or something as benign as child care – every discipline can turn against it’self and eat it’s own tail – especially, when it’s applied narrowly; it will at some point constrict the field of vision to darkness – and it’s ALWAYS important to keep this in mind.

That is one reason why I believe very strongly through the years; economics has been so nutty; that instead of reliably delivering the good life; it has consistently only lined the pockets of the rich at the expense of the poor – and one reason why this is possible is because economics has run away from it’s roots – it needs to go back to the creche of whence it came from – that’s to say, like a runaway, it needs to retrace it’s roots and go back to it’s history – to return to that country where it rightly belongs called Philosophy.

There I believe Economics can bring goodness.

Darkness 2010 

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