Featured Article
Why Economists Are So Often Wrong
What is called “economics” is really psychology on steroids. It starts with a model of human nature and extrapolates an entire scenario for how the world works from that. The model is homo economicus,the myopic protoganist of the economics texts. This hypothetical person has no social affinities, no lapses of judgment or hang-ups, no capacity even for thinking about anyone besides him or herself. He goes through life with an unfailing and relentless calculus of personal loss and gain.
As I explained in the first part of this essay, The Tragedy of Economics this portrayal of our basic nature did not arise from actual inquiry. Homo economicus was from the beginning a polemical construct, devised to serve political ends. At first this was to help undermine the secular authority of the Roman Church, and then the divine right of kings. More recently it has served to justify a fundamentalism of what is called “the market.” Along the way, it has provided economists with the semblance of a predictable atom of economic activity. This has enabled them to declaim under the banner of “science,” and has given them a hook on which to hang their arcane math.
Commons
Pre-Distributive Economics and Sufficiency for the Long Haul
Part I: Inequality, The Iatrogenic Spiral, and Systemic Diminishing Returns The problem is that the explosive growth of the global economy has not brought a corresponding increase in global well … More
The Missing Sector
Enlarging Our Sense of “the Economy”
Meet Us at the Zocalo
We humans like to gather, and to be around other people in informal and unstructured settings. For time out of memory, places in which to do so were built into … More
Economic Indicators
-
Looking Backward: Economics and the Cult of Yesterday
GDP and productivity don’t measure what’s really going on in the economy—or in people’s lives. Jonathan Rowe on measuring what matters.
-
The Gross Domestic Product
Testimony of Jonathan Rowe Co-director of the West Marin Commons Before the U.S. Senate Committee on Commerce, Science and Transportation Subcommittee on Interstate Commerce, Trade and Tourism March 12, 2008 … More
-
Is Happiness a Commons?
Gunnar Myrdal, the late Swedish economist, once noted the strange tendency of his profession to barricade itself against human reality. In true sciences, such as biochemistry and physics, hypotheses are … More
Economics
-
Pre-Distributive Economics and Sufficiency for the Long Haul
Part I: Inequality, The Iatrogenic Spiral, and Systemic Diminishing Returns The problem is that the explosive growth of the global economy has not brought a corresponding increase in global well … More
-
The Missing Sector
Enlarging Our Sense of “the Economy”
-
Looking Backward: Economics and the Cult of Yesterday
GDP and productivity don’t measure what’s really going on in the economy—or in people’s lives. Jonathan Rowe on measuring what matters.
About
Jonathan Rowe was a writer who wrote about the commons, diseconomy, economics, economic indicators, corporations, and many other subjects.
Jonathan was an editor at the Washington Monthly magazine and a staff writer at the Christian Science Monitor. He contributed to Harper’s, the Atlantic Monthly, Reader’s Digest, Washington Post, Columbia Journalism Review, American Prospect, Adbusters, and a host of other publications.