2 Comments

I would like to read your explanation of universal economics. The way you are hinting at it makes it sound totally incoherent. Somalia has totally free markets and it is a hell scape. I don’t quite see how you are twisting the evolutionary metaphor on its head. Evolution is a descriptive theory. It describes the process by which every kind of life form than can exist. There is no sense in which something can evolve better or worse. Your theory of economics appears to be prescriptive. Why?

Expand full comment
author

Economics isn't prescriptive, just like general relativity isn't prescriptive. But in both cases, the theories are universal.

As for Somalia or any other poor or struggling society--progress is never guaranteed.

Expand full comment