It coalesced at a time when science was becoming more accessible to the masses, more educated technicians running around engaging in work and trade.
And these technicians were frustrated by bosses who didn't understand the science and technique behind things.
So there was great inefficiency because the bosses hadn't caught up to the technicians in their understanding of the world.
And so the political idea of "put in charge the people who actually understand the problem" caught hold of the technicians, and they were fired up for a period of time and they called it technocracy.
There’s something to be said about the cultural impact of quantum mechanics and how it shifted people’s perceptions from a universe that could eventually be explained by a set of fairly simple, understandable laws of physics to one that is much more complex, mysterious and contradictory. Suddenly the laws of the universe were defined by randomness and uncertainty, rather than determinism and easily understood logic.
He had some strong opinions around interpretations of quantum physics, but that isn't even a question of science, it's a metaphysical discussion.
While we're at it, Einstein also wasn't a bad student, and he didn't hate mathematics.
Perfectly timed at a critical point in history when the public and policymakers were fighting it out over Socialism. Economics not only provided the feeling of modernity grounded in scientific truth-seeking, but also conveniently aligned with the interests of big businesses at the time.
The same is still true today. People still fetishize science, and still fail to understand the difference between science and pseudoscience. And we are still teaching the same pseudoscience over and over in undergrad economics programs across USA, turning out generation after generation of confused 21 year olds who think they understand everything about the world because they read Hazlitt and plotted some indifference curves.
Which then kind of defeats the purpose of experts in the sense of technocracy.
As an analogy, you can make a PhD in theology, but that is not proof that God exists.
It's about controlling the narrative, not about modelling consequences.
Example: the way the supply shocks of the oil crises in the 70s and 80s were converted into a "keep wages low and raise interest rates to prevent inflation" narrative, when the rational solution would have been to move the economy away from dependence on oil as soon as possible.
> economics starts from neoliberal moral beliefs
its why in the old days they used to call it "political-economy"... removing the political part does it a big disservice because its now ignoring the biggest influence (politics) on the thing and instead treats it like a machine that just need tooling once in a while.Theoretical physicist Richard Feynman once stated “Imagine how much harder physics would be if electrons had feelings.”
There are falsifiable ideas and programs in economics—tax cuts paying for themselves, expansionary austerity, tariffs, etc—that are tried regularly:
* https://en.wikipedia.org/wiki/Kansas_experiment
* https://en.wikipedia.org/wiki/Expansionary_fiscal_contractio...
* https://en.wikipedia.org/wiki/Tariffs_in_the_Trump_administr...
The fact that the results of these experiments are ignored is hardly the fault of the those making correct predictions with correct models.
The submission[0] right next to this one shows why.
Apparently, in the US, you are now a criminal if you fly drones half a mile from ICE vehicles. Some of which may be unmarked and even if marked, how exactly do you verify no ICE vehicle is in a 0.785 square mile radius? Anybody capable of logical thought sees that this is BS.
(Also, anybody who retained primary school knowledge can calculate the area. But ask a person on the street to do it and watch your faith in humanity fall. Ask them to point out the area on a map and estimate how many cars that would be...)
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Even the lawyer who taught intro to law at my uni always said that the people who most often find contradictions in laws are engineers.
The problems always start when somebody takes an ideology too far. So let's figure out what is too far instead of rejecting the whole thing.
From the article, reminded me that the complexities and nuance of life at the ground level really are lost on some.
Even if you genuinely could measure every single detail of life and the forces that move the economy, no committee of experts could ever hope to reason through the data and make coherent solutions that actually survive reality.
HN is full of left-populists these days and any slightly negative mention of socialism or central planning (their equivalent utopian vision) triggers them.
I think this suggests it's more than just hubris, it's religion. These aren't just ideas, they are belief systems and identities for people. Hence why someone would downvote a benign internet comment like yours.
The steady decline of traditional religions has left people searching for meaning in other ways, and it has manifested in all sorts of bizarre belief systems and behavior over the past 200ish years, technocracy being one of them.
Im all for reading criticism about economic models, but it seems like the vast majority of it has nothing to do with anything Marx proposed or idealized and is just translocated hatred of authoritarian policies which is far more often in opposition to Marxist principles than supporting them. Socialist ideaology far more directly supports democratic workplaces and democratic economic decisions than centralized leadership and control.
Marx simply had a flawed understanding of economics and it's time we moved on. We have the data supporting the decision to do so. Usually when a theory makes completely incorrect predictions repeatedly, we abandon it. But apparently marxists know better than everyone. Do they have some secret data set?
90% of Marxist work is a study of capitalism, much of which we still hold true today, so to me you look like everyone else that blindly dismisses what he said without learning what he even did or said.
Of course this is also a strong argument for antitrust. In some markets today there is basically one corporation or a few that seem more interlocked than competing. That starts to be indistinguishable from Soviet bureaus.
It seems to be an assemblage of random political ranting (derived from mainstream US politics) instead of addressing anything about the Technocracy movement of the 1930s.