Economic fables

1 December, 2017 at 17:28 | Posted in Economics | Leave a comment

arielThis book reflects my debate with myself​ about economic theory. On the one hand, I am captivated by the charm of formal models: tales emerge from the formal symbols, and these tales have almost miraculous powers over me. On the other hand, I am obsessively occupied with denying any interpretation​ contending that economic models produce conclusions of real value. I feel attracted to economics as a branch of philosophy and as an academic field in which an intelligent discussion of social arrangements is, or at least can be, conducted. But I also feel disgust for economics as an academic field that tends toward conservatism and helps the strong in society maintain their dominance, and thus serves people for whom I have little empathy.

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