Posted: Sep 26, 2013 8:38 am
Meme wrote:It sounds bizarre, but its actually quite an interesting time to be an economist. Plenty of theories that we knew were proven, or at least weren’t really bothering arguing about as they had worked really well for four or five decades, have all of a sudden turned out to be not reliable after all. A lot of the standard neo-classical Keynesian and Freidman-style monetarist arguments are being rehashed.
That is why economics is no better than theology/philosophy and is just as big a waste of time and money.