Over decades, research and a development of better economic theories should be pursued. But if you think a better understanding of economics will solve all our

Over decades, research and a development of better economic theories should be pursued. But if you think a better understanding of economics will solve all our ills w/r/t scarcity, income, and wealth inequality, you're way delusional. Solving for scarcity, and the only reason to undertake the effort - the well being of a society - is a political and social exercise, not an economic one.