Economics: Please Die In A Fire
Thursday, July 22nd, 2010I’m in the middle of writing an analysis of a very strange piece from the Wall Street Journal. I hadn’t realized the WSJ was so shockingly conservative; I would have expected the mouthpiece of global finance to just be unflinchingly, robotically cold. But they’re not. They’re very, very conservative.
And they’re really bad at economics.
Let me be honest: I’ve spent too much time with science, math, logic, ethics, epistemology, and people to ever actually be good at economics. But when I think of the global economy as a complex network of mostly clueless entities, it just starts sounding like the kind of stuff I played with in grad school, and it starts falling into place.
In short, economics is what happens when a group of people get together, decide on a system of commerce, forget that they chose the system, and then start studying it like a naturally occurring and even dominant force of nature.
Really, economics seems like too much cleverness and too little wisdom. Putting everything in terms of trade is intellectually indistinguishable from putting everything in terms of five, and with enough twisting you can fit more or less anything into the bottle of any tiny idea. But in doing so, you declare that tiny bottle a microcosm of reality, and since you “understand” and “control” the idea, that declaration becomes a declaration of godhood: you control everything that fits in the bottle, and you can fit everything into the bottle.
Now sweeping generalizations like the one I just made are guaranteed to be wrong, because they simplify out a lot of stuff. For example, the Discordian “Law of Fives” is a joke and a mental exercise: seeing that you can everywhere find a pattern which is patently absurd demonstrates that looking for patterns found based on presupposed notions are only as valid as the idea that told you to look for them. And what makes an idea valid? Nothing, ever. It is very hard to tell when observations support your theory and when your theory supports your observations, and understanding this is part of why Sherlock Holmes consistently kicked Inspector Lestrade’s ass. This is also why real Zen koans are painfully confusing: they build an expectation or idea and then they subvert it at a level far below the obvious. If the subversion were more obvious, they would be devilishly funny, and one of the most common second reactions to “getting” a koan is hysterical laughter (the first reaction is usually some form of kenshō). Still, this means they contain, subtly, an idea and its negation, and posit them both as true.
Zen and the Discordians are cleverness in service of wisdom, because they’re both attempting to subvert the comforts of ideology. And even Judaism and Christianity agree with this, without knowing it: “idolatry” is the sin of confusing the symbol of something with the much more majestic reality of it. Islam’s ban on representing Muhammad is in the same vein. And in recent history, we have some stunning examples of the cost of idolatry in the “cult of personality” in the USSR and China.
Economics is just our most recent ideological cult. It claims its superiority to other ideas based on the tremendously shaky claim that it’s supposed underpinning, capitalism, “beat” communism and central planning. And so when I ask Economics to go die in a fire, I’m being entirely serious. The cold war was bad enough. Let’s not subject society to an ideological monopoly for much longer.


