There's a deeper darker answer that I increasingly think plays a large roll. Oftentimes, academic economists are the only people who actually believe the regime's propaganda. They're clever enough to concoct fancy rationale's for policies that are obviously cynical to everyone else.
That role, giving intellectual cover to corrupt politicians, I believe is why our profession is so well funded by the state. There's no mystery in the lack of funding for free market economists.
They're clever enough to concoct fancy rationale's for policies that are obviously cynical to everyone else.
So true. And oftentimes, the more fanciful you get the more academic success you get since only “novel” results are publishable. I could bitch about our profession all day lol
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I could bitch about our profession all day lol
Me too, and yet I still think it's one of the better academic disciplines.
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Agreed. Still the most honest and rigorous among the social sciences. Not sure how it compares to history though
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History departments are terrible and one sided
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I think their issue is not operating out of a theoretical framework. They think that let's them be objective, but it actually leads to defaulting to whatever the prevailing propaganda version of events was.
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I don't have a great feel for that, personally. However, I've certainly heard historians like Tom Woods and Thaddeus Russel bemoan the plight of their profession.
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