[lbo-talk] Galbraith: Entitlement cutting can't cut the deficit

Carrol Cox cbcox at ilstu.edu
Sun Jul 18 09:01:24 PDT 2010


In other words economics (including "Marxist" economics) is not and cannot be a science, of _any_ kind. (Marx's Critique needs to be seen in terms of the use of the German word for "science" in the mid-19th-c.) The better economists more or less recognize that they are not engaged in a scientific but a historical project. You can recognize them by their reluctance to make _any_ kind of forecast except highly abstractr ones in the form of if...then.

Carrol



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