It's called the dismal science because of all those gray lines of figures, but the name might stick because as a science it has been a dismal failure. Abused by ideologues and self-serving liars, puffed up beyond its accomplishments in academia, with a deserved reputation for predicting the obvious and getting even that wrong, economics has failed its function and its potential. In this, a world predicated on economic relationships. Dismal.
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5 weeks ago
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