Thomas #Piketty: There is no such thing as economic science. There are social sciences, economic processes involved social control... We should teach #economics much more in conjunction with economic #history, social history, political history, political science. Its just impossible to study issues such as dynamics of #income and #wealth #distribution in a purely economic manner. Its very important that students in economics dont lose all the energy in abstract mathematical models... [But] too often economists have been doing the opposite: which is [using] very sophisticated mathematical model to explain very little empirical material or sometimes no empirical material at all... [In order to promote economic #justice] the first important thing to do is #democratization of economic knowledge. Too often bad economic #policy and economic policies in the interests of the wealthy come from the fact that we, sort of, abandon economic knowledge to group of specialists and exerts >> Let us know your thoughts about this Pikettys statement in the comments. https://youtube/watch?v=j62dLzzAzww
Posted on: Fri, 10 Oct 2014 20:44:52 +0000