tag:blogger.com,1999:blog-4900303239154048192.post7535066052841453649..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Reforming the Economics Curriculum: Some Initial Perspectives on Fresh Start versus COREUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4900303239154048192.post-71758016662265323182014-09-07T09:53:21.697-04:002014-09-07T09:53:21.697-04:00I'm re-reading 'Small is Beautiful' by...I'm re-reading 'Small is Beautiful' by EF Schumacher. It was originally published in 1973. ( I think that I may have first read it in 1974 or 1975). It would serve well as an introductory text for the subject of economics.<br /><br />Schumacher tears apart Nicholas Kaldor's theories of capital/output ratios and his notion that the amount of available capital is a 'given' in 'the economy'. Schumacher also makes the important observation that "advances in technology [can] eliminate workplaces at the cost of an additional input of capital without affecting the volume of output."<br /><br />....the whole notion of 'unemployment' is a socially-created one. It presumes that one is 'idle' when an individual is not in paid employment. But much of the everyday provision and problem-solving in life is done outside of GDP and money measurement.Myrtle Blackwoodhttps://www.blogger.com/profile/07427043367624101075noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-48467363419785871302014-09-07T08:36:03.546-04:002014-09-07T08:36:03.546-04:00>Also, I don’t want to convey the impression th...>Also, I don’t want to convey the impression that I am arguing that my approach is “right” and CORE’s isn’t.<br /><br />FWIW, that didn't even occur to me until you denied it.Gordonhttps://www.blogger.com/profile/00389480481277059896noreply@blogger.com