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IEET > Rights > Economic > Vision > Technoprogressivism > Fellows > Douglas Rushkoff

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Economics is Not a Natural Science


Doug Rushkoff
Doug Rushkoff
Edge.org

Posted: Aug 21, 2009

We must stop perpetuating the fiction that existence itself is dictated by the immutable laws of economics. These so-called laws are, in actuality, the economic mechanisms of 13th Century monarchs. Some of us analyzing digital culture and its impact on business must reveal economics as the artificial construction it really is. Although it may be subjected to the scientific method and mathematical scrutiny, it is not a natural science; it is game theory, with a set of underlying assumptions that have little to do with anything resembling genetics, neurology, evolution, or natural systems.

The marketplace in which most commerce takes place today is not a pre-existing condition of the universe. It’s not nature. It’s a game, with very particular rules, set in motion by real people with real purposes. That’s why it’s so amazing to me that scientists, and people calling themselves scientists, would propose to study the market as if it were some natural system — like the weather, or a coral reef.

It’s not. It’s a product not of nature but of engineering. And to treat the market as nature, as some product of purely evolutionary forces, is to deny ourselves access to its ongoing redesign. It’s as if we woke up in a world where just one operating system was running on all our computers and, worse, we didn’t realize that any other operating system ever did or could ever exist. We would simply accept Windows as a given circumstance, and look for ways to adjust our society to its needs rather than the other way around.

It is up to our most rigorous thinkers and writers not to base their work on widely accepted but largely artificial constructs. It is their job to differentiate between the map and the territory — to recognize when a series of false assumptions is corrupting their observations and conclusions. As the great interest in the arguments of Richard Dawkins, Daniel Dennett, Sam Harris, and Christopher Hitchens shows us, there is a growing acceptance and hunger for thinkers who dare to challenge the widespread belief in creation mythologies. That it has become easier to challenge the supremacy of God than to question the supremacy of the market testifies to the way any group can fall victim to a creation myth — especially when they are rewarded to do so.

Read the rest at Edge.org.


Douglas Rushkoff is a fellow of the IEET, author of a dozen books and comic books, producer of two award-winning Frontline documentaries, and his essays have been published widely.
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COMMENTS


Engineering is a product of nature. Game theory is a biological phenomenon. So economies are natural systems -- to be studied by science.



Douglas is right in his assertion that Economics is not a natural science but he is brave to say so clearly. There are no immutable economic laws merely a selection of statements of the obvious wrapped up in maths so as to suggest some kind of authority. However many serious academics have squandered much of their lives studying this stupifyingly shallow series of semi observations. But for one these servious scholars to admit this would be akin the Pope admitting that there is no god and he spends a lot of time talking to himself.
Well done Douglas.



Thanks so much. I am amazed by the blinders, sometimes.

As for studying economies with science, that's cool. But that doesn't make economics one of those sciences.



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