11 books
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4 voters
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Economics also has to become a fundamentally monetary discipline—from the consideration of how individuals make market decisions through to our understanding of macroeconomics. The myth of "the money illusion" (which can only be true in a world without debt) has to be immediately dispelled, while our macroeconomics have to reflect a monetary economy in which nominal magnitudes matter, precisely because they are the link between the value of current output and the financing of accumulated debt. T
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― Adbusters #84 Pop Nihilism
― Adbusters #84 Pop Nihilism
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Economic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness of self-reliance.
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― Small Is Beautiful: Economics as if People Mattered
― Small Is Beautiful: Economics as if People Mattered
