Ya Gotta Wonder What Real Scientists, In Other Disciplines, Think About The Subsidized Cult Called "Economics" - And Why They Put Up With It.

   (Commentary posted by Roger Erickson)




In case you ever thought that orthodox economics WASN'T an aristocratic fraud, read the critiques from June Carbone & Bill Black.

Classical economists make up propaganda, to defend aristocrats efforts to "manage" THEIR peasants? Pretty much. The whole field evolved out of the court politics of royalty? Again, pretty much.

This opening paragraph sums it up well.

'George Stigler celebrated Gary Becker as theoclassical economics’ schwerpunkt that led their blitzkrieg assault on other social sciences. Stigler proudly called economics the “Imperial” discipline. The idea that imperialism was a desirable trait is a typical example of Stigler’s blindness to history and human suffering. Stigler famously proclaimed that economics alone was actually a social “science” because only it had a theory of human motivation (maximizing self-interest). The Sveriges Riksbank Prize announcement in 1992 cited Becker’s imperialistic forays into the family, human “capital,” discrimination, and crime as the basis of their award.'

Whoa! Ya gotta wonder what real scientists, in other disciplines, think about the subsidized cult called "economics" - and why they put up with it. Plus, why isn't peasant common sense throwing off these constraints, and repudiating all the aristocratic illogic?