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@Undisciplined
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0 sats \ 1 reply \ @Undisciplined OP 2h \ parent \ on: Most Economists Still Don't Understand How Inflation Is Destroying our Economy econ
They have all the normal mainstream stuff too, but there's safety in choosing a program that doesn't draw professional side-eyes.
There aren't many programs that have any economic history, as far as I know. There's George Mason, Chicago, and some of the Ivies.
Most economists haven't read much of anything that would be considered economic philosophy or that's older than about ten years prior to their PhD.
Yes, they view the Austrians as right-wing quacks. No, Hayek and Mises are not widely respected in the field. They are, however, well respected amongst economists who actually study the history and philosophy of economics. Those economists aren't held in high esteem either, though.
TIE BREAKER
In the event of a tie, the first tie-breaker will be point differential and the second will be who made their point differential pick first.
I'm sure that's real, but also most economists hold orthodox work in pretty high regard.
I was kind of wondering how claims like "Economists fail to understand..." should be evaluated. We have lots of specialties, after all. Should we all be up to speed on everything or is it a win for the profession if the specialists get their stuff right while the rest of us are clueless?
"At a loss" sort of implies that they're trying to understand it and failing, which I don't think is accurate.
I also don't think it's a fear to speak out. You've probably talked about money with more economists than I have, but my impression is that most just haven't given this stuff much thought at all.
I prefer not to receive those responses but my sense is that they're expected. The thumbs up emoji has done a great job of absorbing most instances of these replies though.
I only became aware of this recently. It's pretty convenient that the Moon actually has something valuable, because the rest of the space industry becomes much easier if there's infrastructure up there to build off of.
In that case, I imagine they'll reform this once an owner colossally fucks up his finances and can't payout the salaries.