You’d be hard-pressed to find a
discipline that shapes our world more than economics, and yet none has
weaker foundations or more misguided evangelists. The rise of economic
guru du jour Adam Davidson, the co-founder of NPR’s “Planet Money” and columnist for the New York Times Magazine, is perhaps one of the most disturbing illustrations of this unfortunate fact.
The Curious Field of Economics
Not
too long ago, I asked Nobel Prize laureate Joseph Stiglitz how many
economists he met still adhered to the Chicago School free market
approach, otherwise known as Neoliberal economics, that was proven to be
severely flawed by the recent economic crash.
“About 60 percent,” said Stiglitz.
“Why is that?” I asked.
“For the most simple human reason of all,” Stiglitz told me. “People don’t like to admit that they’re wrong.”
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