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Mainstream economics — a form of brain damage

Summary:
From Lars Syll [embedded content] It is difficult to understand why mainstream economists keep on using their unreal and irrelevant models! Sure, you get academic accolades and give the impression of having something deep and ‘scientific’ to say, but that should count for nothing if you’re in the truth business. As long as that kind of modelling output doesn’t come with the accompanying warning text “NB! This is model-based results based on tons of more or less unsubstantiated assumptions,” we should keep on scrutinising and criticising it. Yours truly appreciates scientists like David Suzuki. With razor-sharp intellects, they immediately go for the essentials. They have no time for bullshit. And neither should we.

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from Lars Syll


It is difficult to understand why mainstream economists keep on using their unreal and irrelevant models! Sure, you get academic accolades and give the impression of having something deep and ‘scientific’ to say, but that should count for nothing if you’re in the truth business. As long as that kind of modelling output doesn’t come with the accompanying warning text “NB! This is model-based results based on tons of more or less unsubstantiated assumptions,” we should keep on scrutinising and criticising it.

Yours truly appreciates scientists like David Suzuki. With razor-sharp intellects, they immediately go for the essentials. They have no time for bullshit. And neither should we.

Lars Pålsson Syll
Professor at Malmö University. Primary research interest - the philosophy, history and methodology of economics.

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