Why do we take economists so seriously? | Suzanne Moore | Comment is free | The Guardian: "But we are indeed in reduced circumstances when debate is reduced to bankers arguing with economists. This clash of ideologies is not really left versus right. It is more akin to fundamentalists talking to agnostics. To be an austerity groupie, one has to ignore the actual behaviour of people; to believe fervently in Keynes, one has to ignore the behaviour of politicians.
Economics is not a science; it's not even a social science. It is an antisocial theory. It assumes behaviour is rational. It cannot calculate for contradiction, culture, altruism, fear, greed, love or humanity at all."
'via Blog this'
Sunday, June 10, 2012
Criticism of Economics
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