4 ms·
It occurs to me that economics today is roughly at the same level of development medicine was circa 1500CE.
by pault 9y ago
It occurs to me that economics today is roughly at the same level of development medicine was circa 1500CE.
- meebs 9y agoThe difference being there is an advantage to keeping economics knowledge shady & unknowable. Information asymmetry is one way those with wealth can maintain or grow their wealth. I do not subscribe to conspiracy theories, but I do think enough independent selfish actors will result in a "conspiracy theory"-like outcome.
- noddy1 9y agoCompletely agree. It is further warped by the fact that although the anti-interventionalists are probably right, the interventionalists are the ones who do all the consulting and take all the jobs and give all the advice - because they are .. interventionalists. And who wants to pay a consultant to tell them "don't do anything, and there's nothing you can do."