Should People Just Ignore Economists?

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investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Should People Just Ignore Economists?

If you are an economist and did not see this coming, you should seriously reconsider the value of your education and maybe do something with a tangible value to society, like picking vegetables

http://mises.org/story/3436

becky's picture
becky
Status: Silver Member (Offline)
Joined: Jan 8 2009
Posts: 113
Re: Should People Just Ignore Economists?

It's like soft drink manufacturers trying to tell us how to treat diabetes.

becky

pleaseremoveme's picture
pleaseremoveme
Status: Silver Member (Offline)
Joined: Jan 24 2009
Posts: 115
Re: Should People Just Ignore Economists?

Even if a none mainstream economist managed to predict the crisis, it still doesn't mean that he knows what is is talking about: it might have been a lucky guess, or it might be that the economist just always predicted that at some point a crisis would happen, and just had to wait untill it finally did. So Austrian economists, Marksists and so on are just as suspect as convential neoclassical economists. Don't let them fool you!

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