January 11, 2017

Economists’s real job problem

Comment on Justin Fox on ‘Economists Contemplate Life on the Outs’

Blog-Reference and Blog-Reference and Blog-Reference on Jan 18

The current state of economics is that of a cargo cult or fake science. The skirmishes with Mr. Trump cannot distract from the fact that economists are incompetent scientists. The real problem is NOT AT ALL that they are kept out of the new administration. For society the real problem is how economists as fake scientists can be ejected as fast as possible from the scientific community.

For details see:
Inequality: Market failure or theory failure?
Failed economics: The losers’ long list of lame excuses

Egmont Kakarot-Handtke

Related 'Economists cannot do the simple math of profit — better keep them out of politics' and 'Economists and politics: Will you kindly shut up!' and 'The economist as standup comedian' and 'There is NO such thing as an economic expert' and 'Narrative economics and the imperatives of the sitcom'