From the horse’s mouth: Professor Gregory Mankiw (Chair of Economics Department, Harvard University) on economics:
“The economy is complex, and economic science is still a primitive body of knowledge.”
From his op-ed in New York Times, March 22, 2014
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The real knowledge of the human economy is based on his own experience and mind capacity to
reflect his own productive environment, which is more or less determined by historical cycles of
his own social and productive ingenious and capacity to create a civilisation.
This ideas will be developed in a future post, a very interesting question of the relations between
philosophy, history and economy, which also could be added to a sociological analysis of the
contemporary interpretations of the present capitalism.
[…] march in the 1980s and additional 15-20 years till economics will gradually begin to realize its inward intellectual poverty in the shadow of the 2008 financial crisis. Anyway, Adorno’s insights are as relevant and […]