Isn’t is critical to know What Went Wrong With Economics?
Linda Beale noticed that our theory of economics is subject to three critiques:
- It helped cause the current economic crisis.
- It failed to see it coming.
- It doesn’t know how to fix it.
“In my book, that doesn’t leave much out. A theory that actively causes harm, can’t prevent it, and can’t cure it is not much of a theory.”
Pain matters. We should fix its cause.