I think we may be beyond hubris and humility at this point.
As I write these words, my town that I grew up in suicide's rate has doubled in the last four years.
Young men in their early 20's are committing suicide at a frightening rate, these people are in their prime and the community is going to miss them.
When I was going to college to study Sociology I took a class in economic history for the fun of it. It was the most ridiculous class that I had ever seen. While sociology teaches you that every single you have ever seen is not only wrong but how you saw it was wrong, the business students took their lessons as faith. I was awestruck at the willfull blindness going on. You couldn't disprove anything to them because you were always lacking some piece of information or they didn't give you the entire story.
Right now the school of economics is in a state of disaster. We are seeing arguements from different schools of thought about whether the government can create jobs. Of course the government creates jobs if nothing else other than work is being done. What needs to happen is a an entire top-down review of the profession.
When crisis happens our bureaucrats needs tools at their disposal that can handle crisis' like the one we are having right now. They need honest and working opinions from economists. The question is whether or not you people can provide them.
Economics in Denial
I think we may be beyond hubris and humility at this point.
As I write these words, my town that I grew up in suicide's rate has doubled in the last four years.
Young men in their early 20's are committing suicide at a frightening rate, these people are in their prime and the community is going to miss them.
When I was going to college to study Sociology I took a class in economic history for the fun of it. It was the most ridiculous class that I had ever seen. While sociology teaches you that every single you have ever seen is not only wrong but how you saw it was wrong, the business students took their lessons as faith. I was awestruck at the willfull blindness going on. You couldn't disprove anything to them because you were always lacking some piece of information or they didn't give you the entire story.
Right now the school of economics is in a state of disaster. We are seeing arguements from different schools of thought about whether the government can create jobs. Of course the government creates jobs if nothing else other than work is being done. What needs to happen is a an entire top-down review of the profession.
When crisis happens our bureaucrats needs tools at their disposal that can handle crisis' like the one we are having right now. They need honest and working opinions from economists. The question is whether or not you people can provide them.
So far the answer is no.