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My specific public education system taught microeconomics, wherein prices are set by marginal cost = demand under perfect competition, and by marginal cost = marginal revenue under monopoly.

Then we were taught "classical" Adam Smith macroeconomics, a tiny dash of Mercantilist economics, and then "modern" Keynesian economics. No mention of any of the following was ever made:

  Islamic economics
  Hamiltonian economics
  Marxism
  Georgism
  Chicago school (Friedman et al.)
  Austrian school (von Mises et al.)
  Anarchist school (Proudhon, Bakunin, et al.)
  game theory
Clearly, the state's education system is teaching only that which would tend to support its own economic policy.


100% agree. They also don't teach where money comes from. What a surprise. It will be a cold day in hell when they teach Georgism.


As a technical nitpick, it will be a cold day in Gehennom when they teach Georgism.

The Hellish mythical realms of Niflhel, Zamhareer, and Dante's Lake Cocytus are always quite frozen.

You can become quite learned about all the various mythological Hells when you think too much about how those who are guilty of gross economic crimes ought to be punished.


If the devil has done his homework he'll sit me down in front of a PC and force me to debate economics on HN for eternity...


Hah. The devil doesn't have to do homework. He just needs to set up all the devices to produce an alert whenever someone is wrong on the Infernet, and we'll all voluntarily torture ourselves.

J.P. Sartre got it right: "L'Enfer, c'est les autres." ("Hell is the other [people].")




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