this post was submitted on 19 Mar 2024
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Economics

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Mainstream economics is in "disarray."

It ignores the reality of power, it neglects questions of equity, and its policy recommendations can be "little more than a license for plunder."

That's the opinion of Angus Deaton, the British-American economist who won the economics version of the Nobel Prize in 2015.

The 78-year-old professor says he's recently been changing his mind about views he's long held and it's a "discomfiting process."

But will his colleagues listen to him?

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[–] [email protected] 1 points 9 months ago

Wasn’t expecting a Blackadder reference.