One of the great problems economics has as a discipline right now is its inability to communicate clearly with non-economists. To make it worse, people like Paul Krugman, who are political commentators, use the language of economics to lend credibility to their political assertions – typically using very bad economics. More than anything, the politicization of macoeconomics has contributed to the public perception of economics as a non-scientific discipline.
I don’t post to other blogs or news sites very often, but in this case, I got a response from the author, so I continued being contentious… This is long and ridiculous, so don’t worry about it if you don’t want to read the whole thing… some comments I removed for brevity (hah!) but you can find the whole thing by clicking here.
“B” is me… and I admit, my first post was a little rude. I think I was annoyed.
AFTERNOTE: the link above contains Hayek’s comments on treating economics like a science and the risk that economists will come to believe (or convince others) that behavior can be predicted. It is excellent and should be standard reading for economists.