Richard Denniss on what Economics is (and what it isn’t!) and how to spot Economics being misused
So economics calls itself the science of the efficient allocation of resources. It tells itself that we help answer the question of what to produce, when to produce, and for whom to produce… but theres nothing in economics that says we shouldnt collect m
Make Me Data Literate · Dr Linda McIver, Australian Data Science Education Institute
August 13, 20220
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Show Notes
"So economics calls itself the science of the efficient allocation of resources. It tells itself that we help answer the question of what to produce, when to produce, and for whom to produce… but there's nothing in economics that says we shouldn't collect more tax and have a health system that's as good as the Nordic countries. There's nothing in economics that says that we should cut taxes for high income earners and spend less on aged care. These are choices."