[ghgdynb1]

Here’s the thing to understand: the “economists” you’re watching on TV are not representative of the field, and TV economics is hardly a better source of information on economics than Facebook is on immunology. Confusing the cargo-cult for the real thing is the actual mistake here.

I think it’s easy to claim all the economists at Harvard, Stanford, MIT, and UChicago have no clue what they’re doing, and you could design a market better than Vickrey himself by throwing darts at a wall.

But the reality is that while they do disagree about a great deal, this disagreement isn’t different from the disagreement you see on the cutting edge of cancer biology or physics.

And sure, you’ll be able to find “Marxist Economists” for every Nobel Prize winner with a PhD in mathematics, but if you stick with the respectable academics (and especially with those focusing on microeconomics and game theory) they tend to agree about much more than you’d expect.