Be angry at bankers, be angrier at economists (Ann Pettifor)
Orthodox economists stand aloof from a crisis of their own making. Time for a public inquiry where they can be interrogated
(Those who know me know that this is music to my ear. Those familiar with my writings know well about my respect for economics as it was, a branch of moral philosophy, and my scorn and dislike for economics as it has become, a moral/spiritual-free zone, a dismal science par excellence; of use no one or anything. Therefore, it should come as no surprise that I wish to share this excellent article with you. Please find time to read it, and be inspired by it.)
Be angry at bankers, be angrier at economists
…” But this scandal is just a symptom of a much bigger dysfunctional banking system, one that is staunchly upheld by the British establishment – many of whom have their heads firmly below the parapet. And it is a direct result of the flawed, mainstream economic theories on which the global, so-called free market in money has been built.
So, while I do of course regard the speculative and often fraudulent activities of our bankers with disdain, I reserve my real anger for the economics profession, both professional and academic.”…
Read more:
Be angry at bankers, be angrier at economists
http://www.guardian.co.uk/commentisfree/2012/jun/29/bankers-economists-judicial-public-inquiry
For further readings see:
The ideological fantasies of modern economics
http://gcgi.info/kamrans-blog/194-the-ideological-fantasies-of-modern-economics
Three Cheers for Moral Philosophy and Down with Economics as a Science
Why Love, Trust, Respect and Gratitude Trumps Economics
http://gcgi.info/kamrans-blog/177-why-love-trust-respect-and-gratitude-trumps-economics
Grand Heist: The Theft of the Century- Part II
http://gcgi.info/kamrans-blog/176-grand-heist-the-theft-of-the-century-part-ii
How Economists Contributed to the Financial Crisis
http://gcgi.info/kamrans-blog/160-how-economists-contributed-to-the-financial-crisis