3 ms·
Sadly you are correct . Economics is badly in need of some einstein to anchor it on some better theoretical foundations .I am reminded of the following joke : S
by thewarrior 14y ago
Sadly you are correct . Economics is badly in need of some einstein to anchor it on some better theoretical foundations .I am reminded of the following joke :
Soviet leader Leonid Brezhnev is making a speech. He finishes, then, as usual, asks for questions. After a long silence, a man finally asks, "Was communism invented by scientists or by communists?" Somewhat stumped, Brezhnev finally answers that it was invented by communists. "I thought so too," responds the man. "Scientists would have tested it on mice first."
Fact is without witnessing it in action no economist at the time could have really predicted that communism would fail so hard.