Libertarianism is Just an Instance of the Naturalistic Fallacy. Neoclassical Economics is its Enabler.
May 30th, 2011
If everything is left to take its natural course — without intervention by humans — everything will be just peachy.
Twirl finger in cheek.
The monumental constructs of neoclassical economics are a tissue of circular definitions and self-contradictions (as demonstrated by its own practitioners, on its own terms) assembled to provide post hoc rationalizations for that faith-based belief. (A belief that — not surprisingly — is profoundly beneficial to incumbents, those with money and power.)
Just sayin’.
There is, of course, no refuting the “libertarian” who always prefers his/her liberty to “rationality” in the economic sense. “Can’t get from micro to macro, so ‘effin what…?”
Yeah, the cynicism leaves me nearly non-plussed too…