I recently gave a talk to students of Modern Money and Economics of Sustainability at Torrens University. The video of the talk is provided below. I have also written up some notes about this talk which clarify some points only sketched briefly in the talk, and provide links to more detailed discussions. The following writeup… Read More Positivism & The Loss of Meaning

In my previous post (The Religion of Economics), I explained why economic is a religion, even though it claims to be a science. This religion preaches a toxic morality, where the goal of life is maximization of personal pleasure, with no moral or social constraints. Some months ago, I read an article which suggested that we… Read More Brainstorming: Negative Impact of Economics

Maeshiro (2016) in “The Capitalist Religion and the Production of Idols“, writes that Capital is the God, and Capitalism is the religion of modern society. Gauthier’s review of Nelson’s Economics As Religion states that “economics became the modern theology that replaced traditional theology as the set of doctrines that give meaning to our social reality and hope to… Read More The Religion of Economics

In my article on “Education of an Economist”, I have explained how I gradually came to realize that all I had learnt during my Ph.D. training at Stanford University was false. I would like to make this more specific and concrete, by providing some examples. A leading example is a paper on Power and Taxes… Read More A Student Among the Econ: Seeing Through Mathemagics

This is part 3 of a talk on Current Economic Crisis in Pakistan and Solutions, from an Islamic Perspective. A summary of the first two parts is given below. This third part explains that colonization requires the assent of the colonized, which is achieved by an educational system which teaches the inherent superiority of the… Read More Decolonization: A Necessary First Step

“A University Economics degree today is more of a lobotomy than an education” – Steve Keen. This is part 2 of a talk on “Current Economic Crisis in Pakistan. For Part 1, see Exploiting the South: Power & Knowledge.  This part explains that one of the barriers to diagnosing the problem, and finding solutions, is the… Read More Bizarre Methodology Blinds Us to Solutions