Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.
Sentiment: NEGATIVE
People today don't become economists to make the world a better place.
Economics is mostly how humans rationalize who gets what and why. It's how we instantiate our preferences about status, privileges, and power.
Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.
Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.
Economic forecasting has actually got pretty good over the years, though admittedly, we don't always get it right.
Economics has never been a science - and it is even less now than a few years ago.
When better business decisions are made, economists won't make them.
People want to think of economics as a natural science, like physics, with the comforting reliability of simple-to-understand theories like F=MA. Unfortunately, it isn't. Economics is a social science, and the so-called theories are really social and moral constructs.
I got into economics because I wanted to make things better for the average person.
I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing on Wall Street. When economics is taught by pure academics, watch out.
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