Mmm, yes, economists, the people most qualified to know what future technological developments will look like. What, engineers? No, we don’t need to ask those nerds.
It's hard to point to any one voodoo concept from the trash-heap of orthodox economics that is singularly the most damaging, but that one has got to be a top contender.
Mmm, yes, economists, the people most qualified to know what future technological developments will look like. What, engineers? No, we don’t need to ask those nerds.
Economists have something even better than technical expertise: the future discount rate.
It's hard to point to any one voodoo concept from the trash-heap of orthodox economics that is singularly the most damaging, but that one has got to be a top contender.