Sunday, 6 November 2016

Why Economists Are To Blame For Today’s Problems

We are experiencing deep economic problems and it is the fault of the economics discipline. Their macro theories suck. But, there is no mechanism forcing it to alter its models when they don’t appear to work. This is so because economists basically write for each other in a language only they understand and their jobs depend on impressing a limited number of journal editors and referees, not correcting real-world problems. The academic inbreeding that has resulted has led to dysfunctional theories and, despite the fact that there were economists who accurately forecast the Financial Crisis, because their work is incompatible with what is published in “good” journals it has been all but ignored. Economics is broken and there is no internal incentive to fix it.  Nov. 3

The author of the article is John T. Harvey, a professor of economics at Texas Christian University, Fort Worth. A chart for the sidereal Libra Ingress of the Sun progressed to Nov.3  is shown here. Notice that the Pluto-Kronos-Hades opposition aligns with the meridian and is thereby triggered. Both ends of the opposition aspect Venus, the planet of money.  Pluto rules matters related to  finance  and investments while the TNP Kronos is connected to experts  so that the combination can refer to economists. The TNP Hades  is about mistakes as well as decline. Here  Pluto combines with Hades to produce a reference to a decline in finance and big business while Kronos with Hades also  refers to mistakes made by experts.

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