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> And of course economics==financial economics. Yes, because of the huge influence of the leading economists have on the world today. Economics, in general, i
by socrates1998 13y ago
> And of course economics==financial economics.
Yes, because of the huge influence of the leading economists have on the world today.
Economics, in general, is plagued by poor research, poor results, and bad logic.
They help shape fiscal, monetary and economic policy, yet make horrible risk assessments, horrible predictions and believe their own bullshit.
>Economics deals with an ever changing environment.
Economics is way more complicated than people will admit.
How can you model 7 billion people interacting? It's impossible.
Yet, they give these charlatans huge salaries, awards, real power in government and don't hold them accountable.
The leading economists (with a couple exceptions) still don't admit they don't know anything and won't adjust their thinking.