Economists Finally Admit Their Whole Discipline Is >200 Years Behind The Times

   (Commentary posted by Roger Erickson)

Economists admit "humans are .. a social species with interaction patterns that shape their behaviors."

Well duh! Talk about what is obvious to everyone else!

Where have these people been since the Renaissance & Reformation? Since Wallace & Darwin and their countless predecessors in ecology and biology, chemistry, biology, geology and physics?

Clearly social species appear to be at least 130 million years old (and are undoubtedly far older as old as physical autocatalysis itself) .. and they've just now finally been acknowledged by the economics field?

That is the most sweepingly damning condemnation of the economics field ever heard on planet earth.

Weepin' Buddha on a decline! That's a pathetic admission by economists, but at least they finally admit it, and that they've blithely ignored the near totality of other human knowledge for hundreds of years, and actually for far longer.

Teamwork works? THAT is a revelation to economists?

Adaptive impact of dynamic assets far outweighs impact of static assets? Be still my beating heart!

Someone should have informed Alexander the Great and later Hannibal that organization pays off ... in time to make a difference to those practitioners of that truly ancient art. :(

What's next? Will economists come right out and renounce Divine Right?

Admittedly ...

Yet I do hope that the economics discipline can survive it's former self. Then maybe we could survive them, and ourselves too.