tag:blogger.com,1999:blog-2761684730989137546.post8613463670485334181..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Lars P. Syll — Econophysicsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-59224421819261506332018-08-20T12:15:11.420-04:002018-08-20T12:15:11.420-04:00.
“To some economists, finance is a relatively mi....<br /><i> “To some economists, finance is a relatively minor subfield. Any contribution from finance, even the most significant, can only have a limited impact on economics science at large. I disagree with this viewpoint: recent events confirm that hiccups in the financial markets can cripple the entire economy.” </i>~ Jean-Philippe Bouchaud<br /><br />In today’s world, especially in Western nations, finance <i><b> is </b></i> the economy. Wall Street dominates Main Street. The financial economy is a parasite on the real economy. Bankers, financiers, and the FIRE sector rule all. <br /><br />Since bout 1900, most economists have been paid to lie.Konradhttps://www.blogger.com/profile/01739209449391854796noreply@blogger.com