Economists need to start thinking outside the box. From Day 1 of economics education you are taught 'Basic Principles" - many of these principals are outdated or just flat out wrong. As you go on through your education, the models and theories build on each other forming what we have today (Neoclassical Economics). Unfortunately, the "pillars" or principles that these models are based on do not work, and furthermore, the models designed have a surprising number of holes in themselves. Outspoken economists are only now beginning to argue the current system, but are being hushed because of Economics Principle #1 - People do not understand economics, and if you scare them, the entire system will crash. Sounds like a good reason to stay with the status quo? All that has occurred is 60 years of one economic system, with no opposition, and a handful of worsening recessions. My idea: economics must be taught from a young age, and economists need to stop 'building' and start thinking.
Anything and everything. If at least one of us learns something, it will be a great day for us both.
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