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 for 200+ years also in the storytelling business. 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