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The reason economics prevails over politics is not because its logic precludes public parks, healthcare or education. It's because ordinary people understand po
by nonrandomstring 4y ago
The reason economics prevails over politics is not because its logic
precludes public parks, healthcare or education. It's because ordinary
people understand politics. Ordinary people have opinions and can give
answers in the form of votes. With economics "It's maths, you wouldn't
understand it" [1,2]
Economics as a ruling credo is a retreat from the examinable,
falsifiable and even arguable into the unassailable and arcane.
[1] https://www.goodreads.com/author/quotes/6928121.Cathy_O_Neil https://www.goodreads.com/author/quotes/6928121.Cathy_O_Neil
[2] https://www.ted.com/talks/cathy_o_neil_the_era_of_blind_faith_in_big_data_must_end https://www.ted.com/talks/cathy_o_neil_the_era_of_blind_fait...