January 5, 2015

Stop the Zombie wars

Comment on Peter Radford on 'Economic realism'


You write: “There is only one interesting question in economics: how do we make it stop?”


There is, though, not such a simple thing as economics. There is political and theoretical economics. The main differences are:
• The goal of political economics is to push an agenda, the goal of theoretical economics is to explain how the actual economy works.
• In political economics anything goes; in theoretical economics, scientific standards are observed.

The answer to your question depends on whether you are a scientific or a political heterodox economist.

The scientific option is to work on the Paradigm Shift from orthodox economics to heterodox economics. That is, to make a science out of moral philosophy in sheep’s clothing and this, in turn, means to switch the discussion from good/bad to true/false.

This includes stopping the Zombie wars of green cheese assumptionism (Quiggin, 2010) and debunking.

Egmont Kakarot-Handtke

Quiggin, J. (2010). Zombie Economics. How Dead Ideas Still Walk Among Us. Princeton, Oxford: Princeton University Press.