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Economics: The dictionary defines the word as “the science dealing with
the production, distribution and consumption of wealth and with related
problems of labor, finance, taxation, etc.” Alfred L. Malabre, Jr. in
his 1995 book, “Lost Pprophets: An Insider’s History of the Modern
Economists,” begs to differ with the word science as applied to
economics. Rather, Malabre’s definition of economics is “it
constitutes, at best, a pseudoscience and, at worst, a guessing game,
often wildly inaccurate, frequently carried on by clever
bamboozlers....” |
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