Thursday, April 13, 2017

Lars P. Syll — Economics — an empty and inexact science

The debate over economics "laws" continues. Science or storytelling?

Lars P. Syll’s Blog
Economics — an empty and inexact science
Lars P. Syll | Professor, Malmo University

1 comment:

AXEC / E.K-H said...

Economics — from storytelling to science
Comment on Lars Syll on ‘Economics — an empty and inexact science’

Lars Syll argues: “Mainstream economics is in the story-telling business whereby economic theorists create make-believe analogue models of the real economic system.”

This, of course, is correct. The problem is that traditional Heterodoxy has NO alternative to offer but is since 200+ years also in the story-telling busines. See:

Redefining economics

From the pluralism of false models to the true economic theory

The futile synthesis of neoclassical rubbish and Keynesian garbage

Economics and the social science delusion

The Law of Economists’ Increasing Stupidity

In order that economics can speedily progress from cargo cult science to science it is necessary that both orthodox and heterodox storytellers retire.

Egmont Kakarot-Handtke