Quote:
Originally Posted by Red Slinger
I find economics, in general, quite frustrating specifically because many seem to treat it like it is some sort of universal law to be discovered, such as gravity. Whereas I've always compared economics to something like language. The rules of language are fluid and dynamic and are a human invention born out of the way that the language centers in our brains operate. Similarly, I see economics as a fluid and dynamic human invention born out of the societies that we created.
As such I find arguments about who is right and who is wrong about a specific economic theory to be similar to an argument about whether it's appropriate to place the letter 'i' before the letter 'e' in a sentence.
Of course, I could be totally out to lunch but I see no evidence of a universal economic principle(s) that should be considered a 'magic bullet'. So, if I'm not barking up the wrong tree, these people and the political hemispheres that they inhabit are trying to prove whose theory is correct when the very notion of there being a right or a wrong theory of economics is flawed to begin with.
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I agree, as the new ideology of mass society, it is actually pretty pathetic at finding answers.