Ar article full of horse manure, but with a little gem : "We’re just as prone to magical thinking as the people of prior eras. Instead of the court astrologer, we have economists."
Read : http://thezman.com/wordpress/?p=7217.
Or :
"Unlike engineers and chemists, economists cannot point to concrete objects – cell phones, plastic – to justify the high valuation of their discipline. Nor, in the case of financial economics and macroeconomics, can they point to the predictive power of their theories. Hedge funds employ cutting-edge economists who command princely fees, but routinely underperform index funds."
"By fetishising mathematical models, economists turned economics into a highly paid pseudoscience."
Read : https://aeon.co/essays/how-economists-rode-maths-to-become-our-era-s-astrologers.
Enjoy !
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