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 http://linkis.com/evonomics.com/zNl23
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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