pull down to refresh
38 sats \ 8 replies \ @Satosora 12 Aug \ parent \ on: Economic Uncertainty: Is the Global Economy Heading for a Recession? econ
For all the economists working the system, they dont really seem to help during the recessions.
And they are happening more frequently.
There were so many times in our macro theory courses when we would ask each other "Is this really what they're doing?"
It's such a vacuous field of study, just dressed up in fancy mathematics to keep people from seeing through it.
reply
reply
Nowaday's they pretend their Keynesian nonsense is based in micro theory (micro-founded macro). Of course, they don't acknowledge any of the Social Choice Theory that proves the impossibility of aggregating preferences in any meaningful way.
reply