Quote:
Originally Posted by Plooking
It's not that economists are always wrong.
Economy is not engineering.
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Quite so.
Such words as economics and engineering are easily conflated by those who wish to claim, or just imply, that they have some special insight or even powers to foresee the future in what are complex human relationships.
Only the Good Lord Harry knows why we put them into positions of influence and power.
In other instances, "businesses" are referred to as "industries" as if to imply that there is some form of value added to the real economy rather than dealing in the system of shadow banking and financialisation; the latter being part of the globalisation taking place at present, in my view - all being discussed over in "the other thread" so I will desist for now.
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Dave
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