How Economics Learned to Love Collapse

Philosophics — Philosophical and Political Ramblings · Apr 3, 2025 · 12m

The provided text critiques mainstream economics, arguing that its reliance on the Pareto principle and models of "optimality" ignores systemic injustices and environmental consequences. The author contends that this economic framework, fixated on efficiency and equilibrium, treats crucial issues like inequality and ecological damage as externalities. The piece further suggests that historical economic theories, such as Jevons' paradox and the Kuznets Curve, failed to prevent unsustainable practices. Ultimately, the text portrays conventional economics as a flawed "theology" unfit to address…