Why Economics?

For all the thousands of words forming complex observations, theories, and predictions it takes a really simple question to stump Barataria. Buried within just the right blank stare of a few words is often hidden some basic wisdom that questions the assumptions long taken as unprovable facts. Isn’t the Emperor naked after all? Such a question came in response to a recent post, as posed by “kikila”:

Finally (I hope) someone who can explain why the economy is important to me!

It’s less of a question than a question about the fundamental underpinnings of our world. Why does economics matter? He elaborates, “I have a theory that this is intrinsically linked to ideology and the false concept that a free economy = freedom (the mainstay of the neo-liberal line for decades). Moreover, that ideological systems have coopted the notion of democracy, linking the idea of political involvement directly and indelibly with the idea that one day, eventually (you say 2017) the economy will begin to benefit (the) people.”

More like centuries of not-so-neo liberal thought, but let’s dig in. Why should we care?

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