> Across the world, experts in the field are ineffectively bemoaning the rejection of their most consensually held beliefs, from the benefits of global integration and fiscal prudence, to the need for predictable policymaking. How did economists lose traction?
> Economic judgments and forecasts have always relied on simplifications to explain causal relationships. Chief among them is *ceteris paribus* — the idea that all other things remain equal.
Ugh so their angle on this is that economists actually are wrong. I was hoping for a “most people are idiots and don’t understand even basic economics” approach
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Fellow econ-heads, is it over? Any personal anecdotes on this phenomena
!ping DISMAL&ECON
Only two certainties in life
Death… and [archive links](https://archive.is/o1svw)
> Across the world, experts in the field are ineffectively bemoaning the rejection of their most consensually held beliefs, from the benefits of global integration and fiscal prudence, to the need for predictable policymaking. How did economists lose traction?
> Economic judgments and forecasts have always relied on simplifications to explain causal relationships. Chief among them is *ceteris paribus* — the idea that all other things remain equal.
Ugh so their angle on this is that economists actually are wrong. I was hoping for a “most people are idiots and don’t understand even basic economics” approach