The Phaserl


Karl Marx Gets Resurrected at the Rolling Stone Magazine

by Pater Tenebrarum,

The Problem of Economic Ignorance

The fact that economic ignorance is widespread is really a big problem in our view. Unfortunately even what is broadly considered the economic mainstream thought is riddled with stuff that we think just doesn’t represent good economics. This is not meant to say that there is absolutely nothing worthwhile offered by the so-called mainstream. Often one comes across valuable insights and stimulating ideas. Still, there are a number of very fundamental issues on which various schools of economic thought don’t agree – beginning with basic questions of methodology.

Regarding the place economics should have in our lives, Ludwig von Mises once wrote:

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