April 14, 2017

Economics — from storytelling to science

Comment on Lars Syll on ‘Economics — an empty and inexact science’

Blog-Reference and Blog-Reference and Blog-Reference on Apr 17

Lars Syll argues: “Mainstream economics is in the story-telling business whereby economic theorists create make-believe analogue models of the real economic system.”

This, of course, is correct. The problem is that traditional Heterodoxy has NO alternative to offer but is since 200+ years also in the storytelling busines. See:
Redefining economics
From the pluralism of false models to the true economic theory
The futile synthesis of neoclassical rubbish and Keynesian garbage
Economics and the social science delusion
The Law of Economists’ Increasing Stupidity

In order that economics can speedily progress from cargo cult science to science it is necessary that both orthodox and heterodox storytellers retire.

Egmont Kakarot-Handtke