How economically literate are you?

How economically literate are you?

Do you think there's any truth in the stereotype that leftists are ignorant about economics?

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this is really just a meme though, it's a sneaky way to conflate is and ought while at the same time looking like a booklearned rational scientist

I was a liberal until I learned economics. Then I became a socialist.

Literate.


No.

Pretty illiterate in economics, that's why I stick to other fields I'm better in and leave economics to those leftists who know about it.

Its not just a meme, all the rich people go to the same schools and since the 80s there's been no left wing presence in our university economics departments. Thus liberals have no exposure to anything left of Keynes (which failed miserably and should have no attention paid to it), liberals being who they are, think everyone who doesn't think exactly like them are stupid. Thus leftists are stupid in economics.

I'm still learning.

Maybe if all they read is Zizek and post-modern literary theory.

Not nearly as much as I'd like, but I wouldn't call myself completely iliterate since I *have* read about it. I understand enough basic concepts to derive a reasonable comprehension of what an economy is and how it functions/malfunctions.

Like with most theory, I think you can cheat and skip plenty of literature by understanding its core tenants and deducting how they interact with eachother, it's not that difficult.

Most people in politics aren't economically literate. I don't see why all leftists need to be. It would be good if they were but does it delegitimize their message of they aren't?

I've read tons of works on the methods and development of neo-classical, keynesian and marxian economical.

Marx and Kalecki, not Marginalism and Keynes.
k, praise the productive process.

Most bourgeois "economists" literally know nothing about Marxian economics, so it's actually the other way around. "Economic illiteracy" is simply the bourgeois economist way of saying "heretic".

Based Papa Wolff
based Marxposter where've you been?

Economic illiterate is just liberal code for "anything that hurts my feelings." They don't apply it to anyone who supports laissez-faire economics even if said supporters haven't read a single book in their life.

I had to move recently, so I've been busy with that.

oops forgot to put on my shitposting flag

Oops, wrong shitposting flag.

I'm ignorant about economics. Not completely ignorant, but there's so much to learn and alot of it is (sometimes intentionally) obtuse. I watch the Wolff economic updates and in between I try and research the things he mentions and things like economic history, but it's an incredibly diverse and complex discipline.

The more I learn though, the more I hate it. You start to discover that things aren't the way they are because they reflect material necessity but because they benefit a certain group of people (or even a single person).

When I first read Marx saying that history up to the current period is the history of class conflict, I thought that must be reductive. The more I learn about history and economics, though, the more I come to believe it. In my opinion, history has more to do with property and who controls it than it does necessarily with individuals or ideas.

At this point, very. But I'd like to learn

I'm studying Econ at college right now and the professors are slowly converting me to ancap. Please tell me they're wrong about scarcity and supply and demand.

Sure.
And right wing is ignorant about production.

You have to be kidding me…

they're wrong about scarcity and supply and demand

most people on the left and right are ignorant of economics. people on the right feel the need to put down leftists because they stand for the status quo and need to ensure that people dont question austrian orthodoxy.

shit.. I could understand (not really) if you came out to find sympathies with neoclassical economic but fucking anti-state capitalism???

holy shit..

It's good to remember that the purpose of econ classes at first are too provide a cute, neat celebratory justification of the capitalist framework. That's it.

I mean what happens when there's not enough of something to go around?

the average person's knowledge of economics has little to do with their politics.

ideologies reflect personality. if someone likes the idea of a certain economic theory then they will find economists who agree with it.

If it's something that people need then they work out ways to share it.

See: anarchism.pageabode.com/afaq/seci6.html