Economics doesn’t need more equations. It needs to be able to actually describe the real world effectively. Plain language will do nicely if it works. If it doesn’t, the maths just obscures things. My proposal is that economics should simply be disbanded and its intellectual territory handed over to biology. The economics discipline does have some real world assets, which should also be handed over. Economics departments should be handed over to be run by the biologists. Economists working in academia should be transported to camps for re-education. Extant economics degrees should be declared void.
Posted on: Mon, 29 Dec 2014 12:05:48 +0000
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