Reformation in economics

30 December, 2016 at 17:52 | Posted in Economics | 4 Comments

51ig0swjsl-_sx350_bo1204203200_This is a book about human limitations and the difficulty of gaining true insight into the world around us. There is, in truth, no way of separating these two things from one other. To try to discuss economics without understanding the difficulty applying it to the real world is to consign oneself to dealing with pure makings of our imaginations. Much of economics at the time of writing is of this sort, although it is unclear such modes of thought should be called ‘economics’ and whether future generations will see them as such. There is every chance that the backward-looking eye of posterity will see much of what today’s economic departments produce in the same as we now see phrenology: a highly technical, but ultimately ridiculous pseudoscience constructed rather unconsciously to serve the political needs of the era.

Highly recommended reading for everyone interested in making economics a relevant and realist science.

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4 Comments »

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  1. I’ll give it read. So far, I have not be impressed with the reformist movement in economics. I finished reading Farmer’s somewhat strange book. It left me somewhat blind due to sun spots (hehe)

  2. Almost finished. Well written and lipid prose. Much learned! Quibble with the use of the term ideology, however.

    • Yes, it’s a good one, but although one should not ‘judge the book by the cover,’ I still hope, if there will be a new edition, it comes with a new cover 🙂

  3. Can you please tell us more about the contents of this new book and particularly about its conclusions. Does my recent book have any semblance in taking up the challenge which is being presented?


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