Worse, the public also bought into the myth. Yes, you believe everything you learned in college about economic theories, all the textbooks, everything you read in the daily press, the government reports, all those Wall Street analystsí predictions relying on studies prepared by economists with credentials.
But everything you think you know about economics Ö is wrong. Dead wrong. And until economics acknowledge this, the discipline is on a self-destruct path.
Why? The science of economics is not science. Yes, it looks scientific with all the fancy math algorithms and computer models that economists use, but all thatís just window dressing to make the economist look scientific and rational.