"If economists could manage to get themselves thought of as humble, competent people, on a level with dentists, that would be splendid!"
Agreed!
The primary problem is politicians use of and reliance on economists as if they are fortune tellers.
The fact that there isn't an economic model in use which doesn't treat technology as an externality is to me the best sign of how far of from usefulness economy have become.
Of course there are areas where economy is good but it's not a science and it's use as a way to dictate politics is not founded in rationality.
Agreed!
The primary problem is politicians use of and reliance on economists as if they are fortune tellers. The fact that there isn't an economic model in use which doesn't treat technology as an externality is to me the best sign of how far of from usefulness economy have become.
Of course there are areas where economy is good but it's not a science and it's use as a way to dictate politics is not founded in rationality.