Economics and Its Critics

There is much to criticize in economics nowadays – not least that the profession focuses far too little on political issues and far too much on beating students to death with mathematics. But much current criticism of economics is based on misunderstanding and ignorance.

MUNICH – There is much to criticize in economics nowadays. For example, the profession focuses far too little on political issues and far too much on beating students to death with mathematics. But much current criticism of the profession is based on misunderstanding and ignorance.

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