On "Re-thinking Economics & The Meaning of Value" (Full Reading)

For the conversation at Voicecraft which inspired this piece, please see "Re-thinking Economics & The Meaning of Value"
• Re-thinking Economics ...
For Matt Segall's Channel (Footnotes2Plato):
/ @footnotes2plato
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Bringing to mind Peter Pogany, Matt Segall reviews the work of Alf Hornberg and reminds us that ‘machines do not magically create ‘growth,’ ‘progress,’ and ‘development’ at the industrial centers out of nothing’: they require environments, people, and other things that exceed what machines provide. Segall warns us to consider the environmental impacts of our machines, and in a similar way we might consider the impacts of our “market rationality” beyond markets. If it is true that all rationality requires something “nonrational” to organize itself, then markets as oscillating processes of Demand and Supply also require something “beyond markets” for the possibility of “market rationality,” and here we have described that as Creativity. ‘Efficient mentality, first exemplified by the thought of Aristotle,’ Segall notes,’ was a momentous achievement of the human spirit,’ but now that “efficient spirit” manifest in the market is trying to deny its own possibility and be its own “grounding,” denying its “grounding problem” and risking autocannibalism, suggesting a need to consider and embrace Creativity. But how do we incubate Creativity? That seems impossible, admittedly, and so it’s arguably reasonable for economics to only concern itself with Demand and Supply. But if that is so and Capitalism tends toward Stagnation and the problems described by Studebaker, Cowen, Keynes, and others, then economics might not be readily positioned to address its own unraveling. Then again, perhaps today economics at least “pointing to” its own “grounding problem” is enough for us to think what needs to be thought? Indeed, perhaps so...
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Photo by Sharon Pittaway

[@kevintodd859]

Reading as fast as possible, along with no visual aid(s) - moreover on a video platform, may not be the best idea to share your content & grow a reoccurring audience.

[@O.G.Rose.Michelle.and.Daniel]

Appreciate you stopping by, and that's probably true.

[@hoots187]

@@O.G.Rose.Michelle.and.Danielit sounds like your reading a script, otherwise appreciate the content, subscribed

[@O.G.Rose.Michelle.and.Daniel]

@@hoots187 Appreciate the subscription! Indeed, I was reading the paper we wrote on this topic that can be found on Substack. It's part of Belonging Again, a book series. Thanks again!

[@intervisionculture]

There is so much to digest! This deserves an idea by idea breakdown.

[@O.G.Rose.Michelle.and.Daniel]

Appreciate it, and that is the hope of Belonging Again, the book series. Thank you!

[@intervisionculture]

Great content! It would be tremendously helpful to slow down a bit for us slow processors 😅😅😅 Thank you for taking the time to create and share!

[@O.G.Rose.Michelle.and.Daniel]

Thank you for saying so! I appreciate you checking this out.

[@latestcoder]

Reduce the ideas to their core, allowing space for reflection, as each comment unfolds into new trains of thought.

[@user-zo7ov9zr5o]

Don't even know how you got into my recommend, but it wasn't disapointing. But I'll advise you slow down your reading, because on moments you start mumbling or merging sentences. If you're not concentrated on listening you will even have a hard time recognising the words.

[@O.G.Rose.Michelle.and.Daniel]

I appreciate you coming by, and I'm glad you enjoyed it! I was in a hurry to get this recording done before work; I have a schedule I try to keep every week for recordings and didn't want to miss the deadline. Still, you're right and I'll probably try to post more on this topic to help flesh out the argument better and clearer. Thanks again!

[@JDTX-DAL1m]

great content!

[@O.G.Rose.Michelle.and.Daniel]

Thanks for saying so! Appreciate that.

[@etymonlegomenon931]

I'm with the other guy, you talk way too fast and too full of jargon. This would be interesting but it is unlistenable

[@O.G.Rose.Michelle.and.Daniel]

Very fair, I was in a hurry to get to work but will try to slow down in the future. You can find this article on Substack if you're interested where there might be a way for an AI audio reading. That could be better.

[@pontefit4447]

Idk about “unlistenable “, I find frustrating people who speak too fast. But there’s the option of reducing the speed and still sound fine