Why Mainstream Economics is Ideology, Not Science

Why can’t mainstream economics ever predict recessions or depressions?

Come to think of it, why don’t they ever predict inflation, unemployment, inequality or poverty? Because they can’t, mainstream economics is not a science. Michael Roberts explains that any real-world economics makes predictions, whether they are right or wrong. Mainstream economics argues that economic disasters are akin to astroids hitting the earth.

Read in The Next Recession

Leave a Reply

Your email address will not be published. Required fields are marked *