What are your

thoughts? OK, so I have another book called Contending Perspectives in Economics, where I have a little chapter on various contemporary schools of thought and economics.

And the first edition, I think, was 2016.

And apparently it did pretty well.

So they asked me to do another edition.

And the thing I didn't do in the first edition was have a chapter on climate.

And I really wanted to.

But why do we keep this lie alive of how do you pay for very, very nice, kind people running around? Oh, my God, how are we going to pay for it? Can you within this business cycle logic, can you kind of talk about that momentarily?

Okay

... like, I, I'm gonna quote from an institutionalist, a very famous one, who shared a Nobel Prize, um, a- and it was, uh, Gunnar Myrdal.

Um, and he said that, "There is no such thing as a view except from a viewpoint." And the example I like to use is the very choice of what you want to study is a value judgment.

Um, the...

And, and I, I use the example of, okay, let's say you're, you're reading a, a, an economics paper and it's about the, um, long-term decline in the rate of profit.

Well, that sounds very objective.

Um, but yet I can pretty much guarantee that's a Marxist paper because Marx argued that over the long run, one of the things that's gonna destroy capitalism is that the rate of profit's gonna slowly decline.

Mm