May 5, 2024

News Cymru

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Economics is about People not Mathematics

Steve Keane’s book Debunking Economics is a book that shows economists are completely stupid and should not be let anywhere a position of power

Keane’s book highlights that the whole of economics works with flawed formulas, makes no ackowledgement of chaos theory and does not change even if research shows that the current methodology is flawed. Basically economics as a subject is a complete joke and works in it’s own parallel reality.

Max Keiser TV has a short interview with a gentleman who relates this view from the point of view of the Austrian School of Economics.
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The worrying thing is that all government worship at the alter of neo-classical economics which ignores the human aspect of the economy completely

Economics is like marketing not mathematics
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