A discussion of the myths of the political economic world view

10 Widely Believed Political Myths

The logical absurdity, however, is not the greatest fault of the undertaking; what is worse and destructive of civilization is the presence that everything has a price or, in other words, that money is the highest of all values.

One of the many problems with this doctrine is that it ignores the question: If a tax were levied like a market price, it would be equal to every "customer," not proportionate to each customer's income.

Which will be stronger? World View serves as a framework for generating various dimensions of human perception and experience like knowledgepoliticseconomicsreligionculturescience and ethics. But even apart from this shrewd judgment in political psychology, why should anyone believe that a tax is better than a higher price?

It is supposed that the tax system should be roughly that of pricing or incomes on the market. Thus, extractive wood production is not normally renewable in the long term, although it may appear so within the limited lifetime of individual decision makers.

On the other hand, the deficit may be financed by selling bonds to the banking system. There are some problems with the Laffer curve. World View serves as a framework for generating various dimensions of human perception and experience like knowledgepoliticseconomicsreligionculturescience and ethics.

If links among parts of the system are ignored or oversimplified, it is easy to optimize only one or more subunits, to the detriment of the whole. It is yet another example of money fetishism and the fallacy of misplaced con' creteness.

When the first English settlers "bought" land from the Maori in Aotearoa-New Zealand, they believed that they were carrying out a simple transaction giving them ownership rights. It is also when preparations for mobilization, capacity-building and interest-formation can take place.

The motives behind cooperative behavior may in some cases still be those of a form of self-interest; group cooperation may be a better and more efficient way than individual competition of achieving species advantage. Despite the laborious techniques and scientific pretensions, most brands of economics are covertly ideological.

No, the only sound cure for deficits is a simple but virtually unmentioned one: To push to the maximum, in short, the share of private product that gets siphoned off to the activities of government? Characteristics[ edit ] While Leo Apostel and his followers clearly hold that individuals can construct worldviews, other writers regard worldviews as operating at a community level, or in an unconscious way.

The Weltanschauung of the temporal contiguity of act and event leads to underlying diversifications like determinism vs. The idea also must be recognized as relatively new in human history, gaining its main strength from political theories of the seventeenth and eighteenth centuries in Britain and Europe.

Nearly two decades after the landmark UN resolution, why is implementation still sorely lagging? No method exists to give more than a rough estimate of the cost of even the direct, short-term external consequences of new technologies. To change Smith's argument into a license for limitless self-gratification distorts his writings beyond recognition.

World view

Anything like a free market usually results in large, powerful firms taking over or putting out of business smaller, weaker ones. The high price of oil has nothing to do with its origin; the price of oil is determined in international markets. Forecasters often complain that they can do well enough as long as current trends continue; what they have difficulty in doing is catching changes in trend.

Many people are left with nothing but the despair engendered by new myths that they do not understand, often because the myths have been imposed on them without explanation. The fact that such total value or total welfare cannot be measured is no excuse for not acknowledging its existence, nor, on the other hand, for claiming more for gross economic measures than they deserve.

This can be used for good or for bad. Interest rates fell because of the drop of business borrowing in a recession. The function of most optimization studies in economics is to seek an improvement e. More important, we observe little warrant for the simple Smithian faith in the invisible hand that underpins the market solution, and no war rant at all for the argument that forward markets will compel private interests to secure the information that renders the price system complete.

Human history is more turbulent than is commonly acknowledged, and static and other simple models are rendered less real because of it.

Consumption Myths These myths were injected into the mainstream mainly by Keynesian economists or demand-siders who were trying to influence public policy. For example, worldview of causality as uni-directional, cyclic, or spiral generates a framework of the world that reflects these systems of causality.Virtually every political regime today claims to embody some form of democracy — and its diverse proponents, and its critics, have propagated many myths about it.

This view. Myth 1: There is a set of development interventions called “technical aid” (e.g. in education, health, infrastructure etc.) that exist above the realm of politics and a second set called “political aid” (e.g. around elections.

Typically, each ideology contains certain ideas on what it considers to be the best form of government (e.g. democracy or autocracy) and the best economic system (e.g.

capitalism or socialism). Sometimes the same word is used. myths of the political-economic world view A MYTH IS a traditional story that offers an explanation of some fact or phenomenon. Myths are neither wholly true nor wholly untrue. According to the political-economic world view, competition is the normal way in which people and animals interact.

Economists are beginning to acknowledge, however, and social scientists have known for a long time, that a more basic mode of interaction among people is.

List of political ideologies

According to the political-economic world view, competition is the normal way in which people and animals interact. Economists are beginning to acknowledge, however, and social scientists have known for a long time, that a more basic mode of interaction among people is cooperation, within small and large groups.

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A discussion of the myths of the political economic world view
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