pull down to refresh

Tolstoy saw a moral dimension to economic thinking. There was a time when mainstream economists saw it, too. “It seems clearer every day that the moral problem of our age is concerned with the Love of Money,” the economist John Maynard Keynes wrote, in 1925. Keynes, like Tolstoy, recognized that many major topics of economics are inescapably moral and political: the “master-economist,” he wrote on another occasion, “must be mathematician, historian, statesman, philosopher—in some degree.” With an optimism that proved premature, Keynes described a future when “the love of money as a possession—as distinguished from the love of money as a means to the enjoyments and realities of life—will be recognized for what it is, a somewhat disgusting morbidity.” Critiquing the “decadent” and “individualistic” nature of international capitalism after the First World War, he wrote, “it is not intelligent, it is not beautiful, it is not just, it is not virtuous.”
Great analogy and great story!
0 sats \ 5 replies \ @RamPl 10h
Amazing how Tolstoy and Keynes were pointing at the same core truth: economics isn't just about numbers it's about values, priorities, and what kind of society we’re trying to build. The fact that “love of money as a possession” still dominates a century later shows how little has changed, and maybe how much harder we need to push for economic thinking grounded in ethics, not just efficiency.
reply
0 sats \ 4 replies \ @k00b 10h
please stop with the AI posts/comments
reply
Haha..it seems the cubans are pretty good at it.
reply
20 sats \ 2 replies \ @k00b 9h
it's probably all one dude
reply
I fell for this #1066097 today.. It hardly felt like slop. They did amazing work on it.
reply
I just commented on one of his posts and only then did I look at his profile, damn it.
Paul was perhaps correct when he said the love of money is the root of all evil. Money is a powerful tool. Don't let it become the goal. Money can help provide freedom. But money itself is nothing.
reply