Here's another quick little joke about the fault in modern economics https://www.smbc-comics.com/comic/2013-01-14
Then there's some other stuff like how modern economics assumes we have infinite resources and everyone is a rational actor. These days they're being more "nuanced" in that they say they know these things are wrong, but they're good for modelling
There's a field called "nowcasting" which is the field of determining wether were in a recession at this moment.
Economics presents a lot of axioms and pretend these are built on absolute facts, when these things are neither so concrete as to be an axiom nor based on any real evidence.
Things like inflation being bad and the way to go against it is to give poor people less money.
Here's another quick little joke about the fault in modern economics https://www.smbc-comics.com/comic/2013-01-14
Then there's some other stuff like how modern economics assumes we have infinite resources and everyone is a rational actor. These days they're being more "nuanced" in that they say they know these things are wrong, but they're good for modelling
There's a field called "nowcasting" which is the field of determining wether were in a recession at this moment.
Economics presents a lot of axioms and pretend these are built on absolute facts, when these things are neither so concrete as to be an axiom nor based on any real evidence.
Things like inflation being bad and the way to go against it is to give poor people less money.