Which leads to the biggest fundamental problem with modern economic thought. It has no connection and is scientifically blind to the physical world. It deals a little to much in perception rather than facts. Until that is rectified bad times and constant crises for all. This is not an environmental rant, it’s just common sense. The price point mechanism with currency as it’s unit has very little insight on the natural order things.
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Generically, I don’t disagree. But this doesn’t mean that economics is “useless.” It just means that it has limitations that need to be acknowledged (and often aren’t). It we threw out every theoretical construct that had limitations, we’d be left with precious little insight into anything.
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Anyway, I’m done with this thread, for now, because it’s giving me a headache. Ill be back later to address some points.
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