Is it possible to imagine a pure economic action independent of politics?

Thanks for the question. Like many others, I see them as inseparably intertwined. There are folks (usually on the market fundamentalist end of the spectrum, such as anarcho-capitalists) who like to believe that economic systems can somehow operate independently of politics — and that, in fact, this is a desirable state. And, as an ideal, I can see why it would be an attractive fantasy: rational actors motivated purely by efficiency and utility, exchange value dictated solely by demand and supply, etc. But in the real world, economic choices always involve political causality, and vice versa; motivations and calculations are not rational, but psychosocial within a given cultural context. Which is, I suspect, why the term “political economy” came into being.

That said, can we “imagine” conditions where the two are teased apart? Well, interestingly, if we go far enough downstream in terms of individual transactions, econometrics, automated trades and the like, it is possible to divorce politics from the conversation altogether, and just focus on the math. But, in isolation, that doesn’t really help us manage the overall economic system — or navigate it with any amount of insight or wisdom. Purely mathematical maps must be augmented by behavioral and sociopolitical maps to flesh out the macro and micro economics in play enough to, say, develop policies and strategies. So it is possible to analyze and act in brief, targeted bursts of “non-political economic action,” but it is like any other specialized discipline or activity that is superficially isolated from its larger context: it is not the full picture.

My 2 cents.


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