Economics is not a science

Don’t let the Nobel prize fool you. Economics is not a science - The award glorifies economists as tellers of timeless truths, fostering hubris and leading to disaster

somehow i thought no one would even care but i see 1148 (sic!) comments.

так что народные витии шумят не только по поводу русской литературы.

а статейка-то довольно саркастическая:

In other words, Greenspan had been unable to imagine that bankers would run their own bank into the ground. Had the maestro read the tiny pile of books by financial anthropologists he may have found it easier to imagine such behaviour. Then he would have known that over past decades banks had adopted a “zero job security” hire-and-fire culture, breeding a “zero-loyalty” mentality that can be summarised as: “If you can be out of the door in five minutes, your horizon becomes five minutes.”