I'm very skeptical of such hand wavey story telling about macro economic subjects, whether the source is a credentialed academic or an anonymous internet raver.
It does seem incredible that the author doesn't give more weight to the economic impact of exploitive colonisation by the British in India.
I think Macro economics is to complex to figure out by extremely intelligent people who are trying, let alone be summed up in a short essay.
The problem is both micro and macro. The individual actors in a human economy, humans that is, are fantastically more complex in their behavior than, say air molecules that could be modeled as part of a complex emergent, chaotic phenomena like weather.
So you have 7 billion human actors, all existing within the complex ecosphere of the earth.
The human economies are simply an aspect of mass social phenomena, with continuous, ongoing feedback looks in cultural, biological, and geographical domains.
Feeble attempts to illuminate the issues of the world's economies strike me as little fairy tales, and I'm amazed it gets published like this for a credulous public.
It does seem incredible that the author doesn't give more weight to the economic impact of exploitive colonisation by the British in India.
I think Macro economics is to complex to figure out by extremely intelligent people who are trying, let alone be summed up in a short essay.
The problem is both micro and macro. The individual actors in a human economy, humans that is, are fantastically more complex in their behavior than, say air molecules that could be modeled as part of a complex emergent, chaotic phenomena like weather.
So you have 7 billion human actors, all existing within the complex ecosphere of the earth.
The human economies are simply an aspect of mass social phenomena, with continuous, ongoing feedback looks in cultural, biological, and geographical domains.
Feeble attempts to illuminate the issues of the world's economies strike me as little fairy tales, and I'm amazed it gets published like this for a credulous public.