March 23, 2021

Occasional Tweets: The activist is no scientist, the scientist is no activist (I)



Economics / Marxianism

The age-old problem with economists is that they are strong on opinion but weak on knowledge and that they suffer from mental incontinence, that is, the unstoppable urge to blather about any issue between heaven and earth, that is, from crime, addiction, psychology, sociology, philosophy, religion, literature, ethics to their heroic fight for the welfare/freedom/survival of humanity. Fact is, though, that economists have to this day NO idea of how the economy works. Their policy guidance NEVER has had sound scientific foundations. Marxians are NO exception.

For more on Marx see AXECquery