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"Propaganda" is always a convenient label to throw around about ideas that you don't agree with. Economics isn't perfect (economists are human), but it is enga
by QuesnayJr 7y ago
"Propaganda" is always a convenient label to throw around about ideas that you don't agree with. Economics isn't perfect (economists are human), but it is engaged with the empirical evidence. The empirical evidence is that capitalism is pretty good at delivering goods and services, that it suffers from a business cycle, and that markets by themselves are not good at correcting externalities (such as pollution). Economics engages with this empirical reality. The people who are quickest to call economics "propaganda" are the ones who want to deny this reality.