Imma stick my neck out here but this paper of M Friedman
The Methodology of Positive Economics
his argument means there is no useful distinction between say, theories of heliocentrism v geocentrism, germ theory v humors, spontaneous generation v infectious disease vectors.
that germ theory hypothesis is “unrealistic”, so is spontaneous generation and nothing can or should be said of them
50 years ago, economists claimed capitalism is the font of freedom and prosperity. They advocated everything be privatized. Universities were one target.
It's time to compare claims made then with today's reality. If you're in academia, you probably know where this is going..
I had another million dollar idea. Start manufacturing reusable substitutes for plastic junk. I cook, and try to reuse the packaging my foodstuffs come in, but why not glass/ wood/ metal/ silicon permanent solutions? Most people see a difference between an old pickle jar--trash--and a glass jar with steel lid they bought at Sharper Image, so make some money selling them one.
I need a place to store 20lbs of rice and 4lb bags of beans.
@Uair@economics-that-works@actuallyautistic
Ah the old "reuse" of the three Rs. That was a really big movement in maybe the 70s in the US. It's why a lot of grocery stores still have a "bulk" section where you can bring your own container. People forget, or don't manage the logistics of bringing the right containers, so a lot of grocery stores don't do it anymore. If you could provide a service to outsource container management (+ convenience and savings) then there's a business.
@eo@Uair@economics-that-works@actuallyautistic it's now the law in Germany to offer it for take away meals. Still not very common though. Recently found a REWE supermarket where the reusable bowls from the salad bar could be returned in the same machines as the bottles and cans.
“ One look at this chart should be sufficient to understand why the Great Crash of 1929 was both great, and a major cause of the Great Depression which followed it, and why levered speculation, rather than rational calculation, dominates the behaviour of asset markets.”
“ Finance, and banking, and macroeconomics, are therefore integrated topics: they cannot be treated as separate domains, as Neoclassical treats them. My focus in this book is on how macroeconomics and the theory of banking need to be overhauled, and a similar overhaul is needed of finance theory.”
“ I won't attempt that here, but fortunately, that process has been started by a group of mathematicians in the London Mathematical Laboratory. They are developing what they call "Ergodicity Economics" to replace the existing theory of finance.”