23 September 2009

"Pernicious" - a very appropriate description of present-day economists.

“Economists live completely within a false world,” he says. “If I had one wave of a wand – and I could make one decision for the government to implement – I would press for the compulsory re-education of economists. I’d force them to learn about the law of thermodynamics, to understand how the natural world works, and then let them back out into the world, because their role at the moment is pernicious – there’s no doubt about that.”

See also:

Mah Bow Tan vs. Laws of Science

Singapore's Former Chief Statistician (Dr. Paul Cheung) Clueless About Carrying Capacity