Liberal Economics

The Nutty Liberal Economics Professors Shortly after World War II the people in economics decided that their subject of interest was objectively based and departed from the subjectivity it had previously embraced and joined the forces of the mathematical sciences. With their computers, equations, graphs and statistical models they decided that everything in economics was subject to central planning and, with the right formulas being applied, all would be well and the nation could be micromanaged to prosperity. Woe to…