Quote:
Originally Posted by Dennis79
Nope, no one does. The basis for most economists reasoning is based on unproven economic theory. Most mainstream economists that you see on TV and the ones in most governments are using an economic theory called neo classical economic theory, which has large portions that has been proven incorrect.
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Well since neoclassical economic theory encompasses such a broad range of theories, many of them conflicting, you're probably right that most economists subscribe to at least something coming under the broad banner of neoclassical economics.
No economic theory has yet been proven to be infallible so it doesn't matter which theory you pick, they kind of all come undone.
I think we just said the same thing - no one really knows whats going to happen next
