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Mainstream economics has lost its way. Many people consider economics the dismal science. 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."

A lot of this stems from a more deep seated misapplication of 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.

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.

Economics affects us all, so why do so many remain ignorant of the fundamentals?

https://mises.org/blog/economic-science-has-been-hijacked [mises.org]

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