[Marxism] [pen-l] Fwd: Isaac Newton and “junk science” | Louis Proyect: The Unrepentant Marxist

Michael Perelman michael.perelman at gmail.com
Sat Apr 9 10:44:24 MDT 2016


Newton was obsessed with alchemy, which was not considered to be junk
science at the time. Instead, the government was doing everything
possible to support alchemists who seem to promise the answer to a
scarcity of money that was harming the economy. At the same time, the
alchemists shared some perspective with another junk science,
monetarism.  The monetarist alchemists kept their work secret because
they thought that if it became common knowledge that would be too much
gold which would cause inflation and harm the economy. However, they
wanted alchemy to create sufficient gold -- sort of like a Taylor rule
for the 17th century.

On Sat, Apr 9, 2016 at 7:20 AM, Louis Proyect <lnp3 at panix.com> wrote:
>
> Today’s Washington Post has an article with the rather lurid title “Isaac
> Newton spent a lot of time on junk ‘science,’ and this manuscript proves
> it”. It turns out that he was “super into alchemy” as reporter Elahe Izadi
> puts it.
>
> full: https://louisproyect.org/2016/04/09/isaac-newton-and-junk-science/
>
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929
530-898-5321
fax 530-898-5901
www.michaelperelman.wordpress.com




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