49 sats \ 5 replies \ @TomK OP 12 Aug \ parent \ on: Economic Uncertainty: Is the Global Economy Heading for a Recession? econ
Micro stuff was nearly banned in my times. Keynes was (still is) the god of these central planners
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20 sats \ 3 replies \ @Undisciplined 12 Aug
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.
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21 sats \ 2 replies \ @Satosora 12 Aug
They dont want to open their eyes to their own failures.
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47 sats \ 1 reply \ @Undisciplined 12 Aug
People seldom question their beliefs, when their paychecks depend on those beliefs.
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47 sats \ 0 replies \ @Satosora 12 Aug
You are right. When you are chained to your weekly paycheck, you have to sit when they tell you.
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0 sats \ 0 replies \ @Satosora 12 Aug
I had micro and macro economics in college. I thought it was pretty useless. Just a bunch of fancy words people dont even need to learn.
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