O.G. Rose | On "Re-thinking Economics & The Meaning of Value" (Full Reading) @O.G.Rose.Michelle.and.Daniel | Uploaded August 2024 | Updated October 2024, 16 hours ago.
For the conversation at Voicecraft which inspired this piece, please see "Re-thinking Economics & The Meaning of Value"
youtube.com/watch?v=CQzCTLjvEGA&t=1596s
For Matt Segall's Channel (Footnotes2Plato):
youtube.com/@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...
Substack:
ogrose.substack.com/p/on-re-thinking-economics-and-the
Medium:
o-g-rose-writing.medium.com/on-re-thinking-economics-the-meaning-of-value-c1bbaaf24a4e
Photo by Sharon Pittaway
For the conversation at Voicecraft which inspired this piece, please see "Re-thinking Economics & The Meaning of Value"
youtube.com/watch?v=CQzCTLjvEGA&t=1596s
For Matt Segall's Channel (Footnotes2Plato):
youtube.com/@Footnotes2Plato
--------
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...
Substack:
ogrose.substack.com/p/on-re-thinking-economics-and-the
Medium:
o-g-rose-writing.medium.com/on-re-thinking-economics-the-meaning-of-value-c1bbaaf24a4e
Photo by Sharon Pittaway
