4 ms·
Scientists are not split on those issues. Uneducated people disagree with the scientists. Big difference. If economists have a handle on things, why did the IM
by JDDunn9 13y ago
Scientists are not split on those issues. Uneducated people disagree with the scientists. Big difference.
If economists have a handle on things, why did the IMF have to apologize to Greece for giving them bad advice? Why did the Black-Scholes Model fail?
- saosebastiao 13y agoYou mischaracterize the disagreement. Scientists disagreeing with each other is not the same kind as anti science derps claiming that global warming is a conspiracy. Climate scientists, for example, can agree that the planet is warming, but they can't agree on whether it is warming at a 12C/century rate or a 1C/century rate. Most estimates fall somewhere in between, but the range of disagreement is HUGE in terms of impact and policy response. And he is right...economists agree on plenty of policy matters. That they disagree on some of the major problems of our time is not a problem witn the field. Disagreement on major problems is a tautology.
- dimitar 13y agoWell, I'm not claiming that everything is just fine - the opposite of complete disarray. My point is that economics so burdened with controversy that its better to dismiss it.