rant warning
I may get voted down simply for using loaded phrases, but stepping around them would be laborious. the largest labor unions in the US (Teachers, AMA, etc) operate off a marxist labor theory. this is completely fucking ridiculous considering the average education level of these organization's members. how long is it going to take basic econ to sink into the general knowledge base of humanity? the world seems completely mired in mid 19th century economic thought. If we can't at least get to the level of understanding marginal utility it is going to kill us. More modern economic theories are paid lip service to in the form of being implemented whenever doing so is politically expedient. This is the polar opposite of the spirit of econ. An economist by definition looks past the consequences that are of immediate concern to the public/political body.
OTOH: massive tech improvements causing changes to society will probably hit before we WWIII ourselves with our economic ignorance so all the angst may be for nothing. that is if economic ignorance doesn't (continue to) severely hamper technological improvements to the point that we fall short of saving ourselves from ourselves.
OTOH: massive tech improvements causing changes to society will probably hit before we WWIII ourselves with our economic ignorance so all the angst may be for nothing. that is if economic ignorance doesn't (continue to) severely hamper technological improvements to the point that we fall short of saving ourselves from ourselves.