Econintersect: Less than two weeks ago our article on the new project which has the objective of making the introduction to economics as easy as reading a comic book but as meaningful as the focus on observation and measurement of systems can make it. At that time the amount pledged was approximately $7,800 of the $35,000 goal. In the next few days after that the pledges nearly doubled and, as this is written, have increased further to more than $19,000. The final push is on to gather an additonal amount of pledges approaching $16,000 to reach the goal by 27 November.
This is not an effort to create a better communication of what is presented in most standard economics text books. It is economics strictly based on observation rather than theory; this is a complete departure from the textbook tradition of the past 70 years which is structured out of theory, assumptions and simplified models. From the previous article:
A “novel” project is underway at the Institute for Dynamic Economic Analysis. The idea is to create a multi-volume cartoon illustrated economics story that explains with humor and visual impact just what the ideas are that form the foundation of economics. This is not “your grandfather’s economics” but the emerging and often contentious field commonly called “heterodox economics” which is based less on the idea that economic systems can be described starting with conceptual models; and more that economics is best understood from the base of empirical observation of economic systems subjected to rigorous, logical analysis.
While much of mainstream economics (neoclassical economics) could be considered as much armchair philosophy as science, heterodoxy often (but not always) eschews philosophy and focuses on measurement and observation.
The new project has the objective of making the introduction to economics as easy as reading a comic book but as meaningful as the focus on observation and measurement of systems can make it. The focus is to avoid presenting “what to think” and to try to present “how to think”.
The project is being supported by crowdfunding with supporters receiving mementos associated with the project based on the level of support.
The basis of the books will follow the structure of Steve Keen’s “Debunking Economics” (Second Edition 2011) which is a scholarly presentation of the logical inconsistencies in most of what is considered to be economics over the past several decades. The books will have color illustrations accompanying a text representing a condensation of what is in the traditional textbook. A draft of the introduction can be viewed below (which has black-and-white-illustrations):
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Disclosure: Econintersect Managing Editor has made a pledge.