{"id":6346,"date":"2015-06-09T07:08:16","date_gmt":"2015-06-09T07:08:16","guid":{"rendered":"http:\/\/blogs.bath.ac.uk\/edswahs\/?p=6346"},"modified":"2015-06-09T07:08:16","modified_gmt":"2015-06-09T07:08:16","slug":"the-future-history-of-political-economy-part-1","status":"publish","type":"post","link":"https:\/\/blogs.bath.ac.uk\/edswahs\/2015\/06\/09\/the-future-history-of-political-economy-part-1\/","title":{"rendered":"The Future History of Political Economy \u2013 Part 1"},"content":{"rendered":"<p><a href=\"http:\/\/blogs.bath.ac.uk\/edswahs\/wp-content\/uploads\/sites\/65\/2015\/06\/Guardian-Cartoon.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-6340\" src=\"http:\/\/blogs.bath.ac.uk\/edswahs\/wp-content\/uploads\/sites\/65\/2015\/06\/Guardian-Cartoon-244x300.jpg\" alt=\"Guardian-Cartoon\" width=\"235\" height=\"289\" \/><\/a><\/p>\n<p>Another well-written post from the <a href=\"http:\/\/steadystate.org\/the-future-history-of-political-economy-part-1\/?utm_source=feedburner&amp;utm_medium=email&amp;utm_campaign=Feed%3A+DalyNews+%28The+Daly+News%29\">Daly News<\/a> landed in my in-box last week. \u00a0It's focus was how economics has ignored thermodynamics over the years and centuries. \u00a0I touched on the issues it raises in my <a href=\"http:\/\/blogs.bath.ac.uk\/edswahs\/2015\/06\/04\/visiting-the-crassh-site\/\">talk<\/a> at Cambridge last week by reference to Manchester students' pleas for post-crash economics \u2013 that is a discipline that treats\u00a0the real world as if it actually existed. \u00a0Here's an extract from the Daly News piece:<\/p>\n<blockquote><p><em>By modeling the economy as a closed and circular system, neoclassical economists have encouraged themselves to operate in a methodologically enforced state of denial about the physical roots and ecological consequences of our wealth-creating activities. And yet economics has experienced no paradigm-shaking crisis as a result. Neither climate change nor any of the other source-and-sink catastrophes facing civilization have been laid at the feet of bad economic theory. One reason: Neoclassical economists succeed in treating environmental costs as \u201cexternalities.\u201d How could environmental degradation be the result of economic activity if it\u2019s external to the economy?<\/em><\/p><\/blockquote>\n<p>Indeed. \u00a0Read on; it's good stuff.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another well-written post from the Daly News landed in my in-box last week. \u00a0It's focus was how economics has ignored thermodynamics over the years and centuries. \u00a0I touched on the issues it raises in my talk at Cambridge last week...<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2,4,5],"tags":[],"class_list":["post-6346","post","type-post","status-publish","format-standard","hentry","category-comment","category-news-and-updates","category-talks-and-presentations"],"acf":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/blogs.bath.ac.uk\/edswahs\/wp-json\/wp\/v2\/posts\/6346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bath.ac.uk\/edswahs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bath.ac.uk\/edswahs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bath.ac.uk\/edswahs\/wp-json\/wp\/v2\/users\/237"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bath.ac.uk\/edswahs\/wp-json\/wp\/v2\/comments?post=6346"}],"version-history":[{"count":0,"href":"https:\/\/blogs.bath.ac.uk\/edswahs\/wp-json\/wp\/v2\/posts\/6346\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.bath.ac.uk\/edswahs\/wp-json\/wp\/v2\/media?parent=6346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bath.ac.uk\/edswahs\/wp-json\/wp\/v2\/categories?post=6346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bath.ac.uk\/edswahs\/wp-json\/wp\/v2\/tags?post=6346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}