ABOUT KAMRAN’s Blog and GUEST BLOG
I- KAMRAN’s Blog: Dedicated to the Common Good- aiming to be a source of hope and inspiration; enabling us all to move from despair to hope; darkness to light and competition to cooperation. “Let the beauty we love be what we do.”-Rumi
II- KAMRAN MOFID’s GUEST’s BLOG: Here on The Guest Blog you’ll find commentary, analysis, insight and at times provocation from some of the world’s influential and spiritual thought leaders as they weigh in on critical questions about the state of the world, the emerging societal issues, the dominant socio-economic logic, globalisation, money, markets, sustainability, dialogue, cooperation, environment, media, spirituality, faith, culture, the youth, the purpose of business and economic life, the crucial role of leadership, and the challenges facing economic, business, management, education, and more.
“When we are dreaming alone it is only a dream. When we are dreaming together it is the beginning of reality.”—Helder Camara
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Grand Pursuit: the Story of Economic Genius
Reviewed by John Gray
Those familiar with my writings know well about my respect for economics as it was, a branch of moral philosophy, and my scorn and dislike for economics as it has become, a moral/spiritual-free zone. Therefore, it should come as no surprise that I wish to share this excellent book review by John Gray with you. Please find time to read it, and be inspired by it.
“As Nasar demonstrates, the subject has been shaped as much by ideological fantasy and overweening theoretical constructions as by empirical inquiry. Few economists anticipated the financial crisis or believed that a dislocation on the scale the world has suffered was even remotely possible. Equally, because history - even the history of economics - is no longer seen as central to the profession, very few economists have had anything of interest to say about how to deal with the difficulties that have followed. This only confirms the continuing accuracy of Stigler's indictment of a hollow discipline. When you are struggling to stave off a global disaster, there isn't a great deal to economics.”- John Gray
…”There really isn't a great deal to economics, considered as a logical structure based on a few indisputable axioms about the world. If one cuts oneself off from two generations of immensely varied and instructive empirical research, and if one thinks economic history has no relevance to economic theory, then one is indeed left with a hollow discipline."- George Stigler
Writing in 1963, Stigler reached this judgement in a review of Joan Robinson's book Economic Philosophy. Robinson, whom Stigler described as "a superior logician", fused the "indisputable axioms" of economics with the ideological prejudices of the time…
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