> Economists aren’t naive, so they don’t really believe these things entirely. But they assume they are mostly correct over the medium to long term.
Spoiler alert from the article: turns out economists are wrong. This will sound inflammatory, but has the field of Economics produced anything of value to society? It seems to be a social "science" based on incorrect generalizations about human psychology and studies that don't replicate. At the end of his long career, Alan Greenspan (their Michael Jordan) basically said "whoops, I was wrong that people would behave rationally."
What does humanity get from the field of economics that justifies the amount of attention and status we give economists?
Spoiler alert from the article: turns out economists are wrong. This will sound inflammatory, but has the field of Economics produced anything of value to society? It seems to be a social "science" based on incorrect generalizations about human psychology and studies that don't replicate. At the end of his long career, Alan Greenspan (their Michael Jordan) basically said "whoops, I was wrong that people would behave rationally."
What does humanity get from the field of economics that justifies the amount of attention and status we give economists?