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May 18, 2009


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Hi jodi

Thank you for posting this. I have been away for a bit and these series of posts help to frame what is going on economically. It appears the reviewer is very close to suggesting the rather "postmodern" point that systems of knowledge are themselves circular, that they tend to be rational within their own epistemic assumptions, and may even be arbitrary.

Among the things that intrigue me about the current crisis is the widespread insight among many (though not all) economists that the financialization of the economy is what lies behind the recent collapse. And they seem to agree that the politicians are doing everything possible to avoid confronting this fact.

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