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> TBH, why do we even care what “economists” think at all, given the above? Economists are no better, from an objective value perspective, then tarot readers B
by sideshowb 7y ago
> TBH, why do we even care what “economists” think at all, given the above? Economists are no better, from an objective value perspective, then tarot readers
Because the people with data to prove this are themselves economists. Yes, economics has had a lot of failures (I often find myself informing people of these) but anything you replace it with is ultimately going to be another form of economics.
For every successful business leader you could probably find 100 who failed: taking your guidance from business leaders just leads to survivorship bias.
- gonational 7y agoI think it’s pretty core to my thesis that economics is a practice/study that provides little to no value to anyone, so why would it need to be replaced?
- mrep 7y agoJust because it is not perfect does not mean it is useless. Just look at the countries trying to endlessly print money to see what happens when you ignore it.
- deleted 7y ago[deleted]
- sideshowb 7y agoYour thesis is an economics thesis. Congratulations, you are now a failed economist.
- AnimalMuppet 7y agoBecause someone is going to make policy decisions. On what basis would you have them do so? Economics, which (as you say) fails many times in making predictions? A good guess? Gut feel? Wishful thinking? For all its flaws, economics is actually better than the alternatives.