Bravo, Steve. There's a reason that Alfred Nobel didn't put a social science award in his will. Beyond the basic concepts of micro and macro, economics is largely a rationalization of politics. Unlike science, it has little predictive power and is rarely falsifiable. Want proof: Look at our current Fed Chair. A reputable academic who made his name studying the Great Depression. If anyone can keep it from repeating it's him, right? Well, we'll see. |