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> Economics is already provably not great at doing its core task. Can you cite any proof of this "provable" fact? ...and also a source that defines Economist
by koheripbal 7y ago
> Economics is already provably not great at doing its core task.
Can you cite any proof of this "provable" fact? ...and also a source that defines Economists "core task"?
- BLKNSLVR 7y agoEconomics has become the tool of political ideology. It's modus operandi is language that's impenetrable to the non-economist. My problem is primarily with politics as opposed to pure economics. Politicians use arguments provided for them by pet economists that allow them to hide behind the economy as a reason to avoid making hard decisions. Lo and behold, the status quo is best path forward ad infinitum. Political economic decisions are often historically provably wrong and have the opposite effect to that which was the stated intent (whether or not it was the actual intent). Australia and the US recent re-implementations of trickle-down economics, by 30 years of experience, is not effective at doing what the politicians say it will. More subjectively: climate economics. It's a complex argument but you're right to call me out on hyperbole. It's politics staining whatever it touches. Semi-related interesting article about economics relationship with politics: https://www.themonthly.com.au/issue/2015/july/1435672800/richard-denniss/clowns-and-treasurers#mtr https://www.themonthly.com.au/issue/2015/july/1435672800/ric...