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Re: [Pen-l] How the Entire Economics Profession Failed
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] How the Entire Economics Profession Failed
- From: raghu <mraghu01@xxxxxxxxx>
- Date: Sun, 11 Jan 2009 12:09:44 -0800
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On Sat, Jan 10, 2009 at 10:22 AM, Jim Devine <jdevine03@xxxxxxxxx> wrote:
> I forgot to add: the abstraction and unreality of much of economics
> and econometrics makes a lot of economic research totally useless to
> the wealthy vested interests which Madrick refers to. But I guess they
> see that as the cost of having so much political support from
> economists.
This agrees with what I have long suspected: the main use of
mainstream economics is as propaganda. And in indoctrinating society
about the virtues of selfishness.
-raghu.
--
"His credit rating is so bad that his junk mail comes postage due." - Anonymous
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