The modern economics is unfortunately area of great confusion between two opposed forces: on the one hand, the economics as a part of social sciences in quantitative reasoning about the working of a specific economy -called capitalism- and its reproduction process -called the process of accumulation-through monetary and financial relations and, on the other hand, a certain belief called the liberal doctrine which is more a philosophical and political doctrine than a positive scientifique research area and which is often manipulated by some so-called economists who believe that thinking about the economics in societal terms in their entire complexity instead of deterministic and ergodic way of rationalising the human life is a dangerous orientation which could result in a radical contestation of capitalist market economy.
Consequently, dominant economists lead society and decision makers astray and prevent the economics (as a social science aiming at understanding the functioning of our world under some specific dynamics) from undertaking relevant decisions in order to raise the wellbeing level of people.
U
ULGEN Faruk
11 years ago
The modern economics is unfortunately area of great confusion between two opposed forces: on the one hand, the economics as a part of social sciences in quantitative reasoning about the working of a specific economy -called capitalism- and its reproduction process -called the process of accumulation-through monetary and financial relations and, on the other hand, a certain belief called the liberal doctrine which is more a philosophical and political doctrine than a positive scientifique research area and which is often manipulated by some so-called economists who believe that thinking about the economics in societal terms in their entire complexity instead of deterministic and ergodic way of rationalising the human life is a dangerous orientation which could result in a radical contestation of capitalist market economy.
Consequently, dominant economists lead society and decision makers astray and prevent the economics (as a social science aiming at understanding the functioning of our world under some specific dynamics) from undertaking relevant decisions in order to raise the wellbeing level of people.
J
Jessica Griffin
16 years ago
Featured
PREACH. tired of hearing about how the markets are self correcting when the reality is people are struggling to buy groceries.
K
Kevin Haddad
16 years ago
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Krugman hit the nail on the head. keep ignoring the real world and we are just heading for another crash.
T
Tom Reeves
16 years ago
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Economics has become more like a cult than a real science. stop relying on these failed theories.
S
Sarah Pratt
16 years ago
Featured
Spot on. My family lost everything in 2008 and nobody in charge seemed to have a clue why it was happening even as it unfolded.
D
Dave Nair
16 years ago
Featured
The ivy league types have been wrong about everything for years. time for a change.
M
Mark Wallace
16 years ago
Featured
Finally some sense. These math models were just excuses for wall street to do whatever they wanted while the rest of us paid the price.
I support!
The modern economics is unfortunately area of great confusion between two opposed forces: on the one hand, the economics as a part of social sciences in quantitative reasoning about the working of a specific economy -called capitalism- and its reproduction process -called the process of accumulation-through monetary and financial relations and, on the other hand, a certain belief called the liberal doctrine which is more a philosophical and political doctrine than a positive scientifique research area and which is often manipulated by some so-called economists who believe that thinking about the economics in societal terms in their entire complexity instead of deterministic and ergodic way of rationalising the human life is a dangerous orientation which could result in a radical contestation of capitalist market economy. Consequently, dominant economists lead society and decision makers astray and prevent the economics (as a social science aiming at understanding the functioning of our world under some specific dynamics) from undertaking relevant decisions in order to raise the wellbeing level of people.
The modern economics is unfortunately area of great confusion between two opposed forces: on the one hand, the economics as a part of social sciences in quantitative reasoning about the working of a specific economy -called capitalism- and its reproduction process -called the process of accumulation-through monetary and financial relations and, on the other hand, a certain belief called the liberal doctrine which is more a philosophical and political doctrine than a positive scientifique research area and which is often manipulated by some so-called economists who believe that thinking about the economics in societal terms in their entire complexity instead of deterministic and ergodic way of rationalising the human life is a dangerous orientation which could result in a radical contestation of capitalist market economy. Consequently, dominant economists lead society and decision makers astray and prevent the economics (as a social science aiming at understanding the functioning of our world under some specific dynamics) from undertaking relevant decisions in order to raise the wellbeing level of people.
PREACH. tired of hearing about how the markets are self correcting when the reality is people are struggling to buy groceries.
Krugman hit the nail on the head. keep ignoring the real world and we are just heading for another crash.
Economics has become more like a cult than a real science. stop relying on these failed theories.
Spot on. My family lost everything in 2008 and nobody in charge seemed to have a clue why it was happening even as it unfolded.
The ivy league types have been wrong about everything for years. time for a change.
Finally some sense. These math models were just excuses for wall street to do whatever they wanted while the rest of us paid the price.