Neoclassical Economic Theory Has Done Nothing More Than Serve Ideological Ends, And Is More Concerned With Justifying Capitalism Than Analyzing It.

   (Commentary posted by Roger Erickson)



That is a complete & colossal failure of the entire field by arrogant complacency, if nothing else.

No amount of studies by economists will make a dent in this problem. Every referral to any economist whatsoever - as an authoritative reference - only extends the slavery of policy to economic theory.

Non economists have to simply decide what they want to use economic theory for - and quit deferring to economists.

It's a simple, operational question. Let reality be the judge, and let economists write books about what just evolved, AFTER it does.

To generate evolution, we have to explore emerging options, and discover which unpredictable permutations do and don't increase our Adaptive Rate.

As usual, the theory will slowly follow emerging operations.

Until then, please quit hanging on the words of these shamans & self-avowed priests that call themselves economists. They're a victim of their own religion, but we don't have to be.

It simply does not matter WHAT any economist anywhere says. What matters is why whole populations listen too much to their propaganda, and divert themselves from exploring their own options.

Put down the frigging text book. Look around, and in the mirror too.

You want proof?  Consider this.  

"For the Big Probability Event so loved the universe that - for 13.7 Trillion Years - it did NOT send economics."

That's a tool we invented, to repetitively shoot ourselves in the MiddleClass with. Apparently, only because it'll feel so good when we stop using it. :(

A theory, after all, is always and only just a bit of imagination, to eventually be proven wrong by trial and error exploration of our expanding options.