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posted by on Monday December 19 2016, @03:13AM   Printer-friendly
from the how-bad-can-something-called-the-dismal-science-be? dept.

An Anonymous Coward writes:

Economics affects us all, so why do so many remain ignorant of the fundamentals? Murray Rothbard said: "[I]t is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."

Personally I'm tired of having to defend economics against both the mainstream advocates (with their broken models) and their critics (who tar economics with one brush). I take the time to educate myself and speak out, based on reason, not angry ignorance, and not on smugness, numerology, and appeals to the authority Lord Keynes.

There is a deep-seated tendency for people to misapply physical science techniques to the social sciences. This has resulted in mainstream economics degenerating into a modern day numerology. However there are intellectually sound schools of economics that do not attempt to treat human actions like Newtonian atoms.

This article from The Mises Institute discusses how and why mainstream economics has lost its way.


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  • (Score: -1, Offtopic) by Anonymous Coward on Monday December 19 2016, @06:02PM

    by Anonymous Coward on Monday December 19 2016, @06:02PM (#443230)

    You have so many nemeses, perhaps it would help if you weren't a skid mark on the boxers of humanity yourself.

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  • (Score: 2) by aristarchus on Monday December 19 2016, @06:26PM

    by aristarchus (2645) on Monday December 19 2016, @06:26PM (#443245) Journal

    Almost all of my nemeses are nematodes, which why they never read my comments. Oh, what I would give for a worthy opponent! You know, some one capable of rational argument and not prone to playground insults. Seems all I get are ACs with potty training issues. Oh, well. We were talking about the mental disability know as "libertarianism" which seems to be what many mean by "libtard", or so I can only surmise.