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Showing posts with the label economism

The God of "Productivity"

Adam Ozimek, a disciple of economism, argues that automation is good whenever it raises productivity, by which he means more is produced using fewer resources. He does not consider the possibility that sometimes, raising productivity might increase human misery, as "more consumption goods at a lower price" does not represent the sum total of human happiness.

Corey Abel and Leslie Marsh Contra Economism

"But the non-instrumental enjoyment of another’s company is the rejection of the entire worldview of economic trade-offs, and is not reducible to it. An economist can understand the activity of friendship in economic terms, but in doing so, he has stripped it of the meaning friendship has for friends. It is like understanding sex as a form of exercise, or marriage as a contract for sex. To understand humans as self-interpreting beings, one has to understand their self understanding, what activities and relationships mean to them." (In Nell, Guinevere Liberty. 2014. Austrian Economic Perspectives on Individualism and Society: Moving beyond Methodological Individualism . New York: Palgrave Macmillan: 131)