“There is no such thing as economic science. There are social sciences” #piketty #income #wealth #distribution

Thomas ‪Piketty‬: “There is no such thing as economic science. There are social sciences, economic processes involved social control…
We should teach ‪economics‬ much more in conjunction with economic‪ ‎history‬, social history, political history, political science. It’s just impossible to study issues such as dynamics of ‪income‬ and ‪wealth‬, distribution‬ in a purely economic manner. It’s very important that students in economics don’t lose all the energy in abstract mathematical models… [But] too often economists have been doing the opposite: which is [using] very sophisticated mathematical model to explain very little empirical material or sometimes no empirical material at all…
[In order to promote economic ‎justice‬] the first important thing to do is‪ democratization‬ of economic knowledge. Too often bad economic ‎policy‬and economic policies in the interests of the wealthy come from the fact that we, sort of, abandon economic knowledge to group of ‘specialists’ and ‘exerts'”

 

 

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