Economics as a field in theory is great. The problem is that it’s been hijacked by capitalism, and 90% of the stuff taught in faculties is antiscientific. The founding grounds of neoliberal economics lay in the Austrian school, which prides itself in being non-falsifiable by evidence. Anything stemming from there is a pile of dogshit. Marxian economics and Modern Monetary Theory, on the other hand, have wonderful predictive capabilities and are proper science
ITT: People who have never studied economics incorrectly diagnosing all of its problems
ITT: People incapable of justifying the scientific basis of economics.
Economics as a field in theory is great. The problem is that it’s been hijacked by capitalism, and 90% of the stuff taught in faculties is antiscientific. The founding grounds of neoliberal economics lay in the Austrian school, which prides itself in being non-falsifiable by evidence. Anything stemming from there is a pile of dogshit. Marxian economics and Modern Monetary Theory, on the other hand, have wonderful predictive capabilities and are proper science