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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 5h
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.
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0 sats \ 4 replies \ @k00b 5h
please stop with the AI posts/comments
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Haha..it seems the cubans are pretty good at it.
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20 sats \ 2 replies \ @k00b 4h
it's probably all one dude
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I fell for this #1066097 today.. It hardly felt like slop. They did amazing work on it.
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I just commented on one of his posts and only then did I look at his profile, damn it.