SUPPOSEJust suppose that the following questions were raised about economics:
Is the recognition of ideas in economics (in articles, dissertations, books, etc.) based on the actual usefulness, validity, and scientific merit of those ideas? Or is it based on homage being paid to prominent economists who already received recognition for similar ideas?
How much time and money are spent in the generation of esoteric research that is of little or no real value to society?
How many listed authors of economic articles and books contributed little to the work, but were in a position to receive credit for it, while those who deserved the most credit did not receive it?
How often are economic statistics prepared by organizations with vested interests in the values of those statistics, and to what extent are their results verified for objectivity and scientific validity?
Are positions in the economics profession filled by organizations trying to find the best-qualified individuals, or are they filled on the basis of connections and other noncompetitive means?
Now stop supposing.
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