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Is economics useless?

Is economics useless?

So given all the recent ‘mess’ in world economy what value does ‘modern’ economics have to offer us?  Well it depends on who you ask. Here Stephanie Flanders offers some news and views on whether economics is a ‘busted flush’.

For those of you who don’t/cant be bothered to read the whole thing her argument in a paragraph

‘So, all in all, not an edifying list of complaints. But does that mean economics is a busted flush? I’m afraid not, because even if you think economics got a lot of this stuff wrong, you’d be hard-pressed to understand – or to fix – what’s happening in the global economy today without it. ‘

Maybe it’s not such a good time to be an economist. But it’s one helluva time to study economics.

http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2009/07/is_economics_a_busted_flush.html

This entry was posted on Monday, July 20th, 2009 at 12:48 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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One Response to “Is economics useless?”

  1. Air cargo Says:
    September 23rd, 2009 at 10:36 am

    I was doing bachelors in Economics and due to some of my past documents I unfortunately couldn’t complete it. BUT economics is one of the best degree all around, its highly paid and if u r gifted with extra skills and knowledge and have good ability of the application of different tasks accordingly, then I believe Major in economics is something really worth

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