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Economists are obsessed with numbers even when numbers simply contradicts numbers they aren't familiar with. Incorporating sociology, for what it's worth would
by hirako2000 9mo ago
Economists are obsessed with numbers even when numbers simply contradicts numbers they aren't familiar with.
Incorporating sociology, for what it's worth would radically change the picture. Do economists travel? And what is a poor country anyway.. Zimbabwe is put on the same table as south east Asian countries..where do geopolitical aspects get into considerations for countries like Cuba or more recently Venezuela or Iran. Do these things even matter.
No surprise economists have lost legitimity for so many. They don't predict or diagnose the economy of the nations they live in, trying to explain what they call the "global south" as some call it is rather arrogant.
What this research may have got right is to nuance what their predecessor had claimed. But that wasn't too hard.
My tip for economists: go live in rural areas in each country you claim to diagnose. Speak to the locals, grand ma can tell you what it cost to get clean water just a few decades ago vs now. Maybe you will start to understand what poverty even means.
- chirau 9mo agoWhat's your point on Zimbabwe being put on the same table as south east Asian countries?
- hirako2000 9mo agoThe point is the drastic difference in level of development for a set of different countries in different region. Each nation faces different challenges.
- deleted 9mo ago[deleted]