Economics and the Culture War
Some economists may prefer to concentrate on the current economic situation while standing apart from cultural questions, or to say that the current kerfuffle over "cancel culture" will recede when the economy improves. But this is to abdicate responsibility, and to choose the easy road under cover of their discipline's neutrality.
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LONDON – I have long criticized economics for its lack of realism, and for producing “models” of human behavior that are at best caricatures, and at worst parodies of the real thing. In my recent book What’s Wrong with Economics?, I argue that, in their attempt to establish universal laws, economists willfully ignored the particularities of histories and culture.