Economics, But Not as You Know It

Economics, But Not as You Know It
Dr Ha-Joon Chang
1 May 2014
London School of Economics and Political Science (LSE)
https://www.youtube.com/channel/UCK08_B5SZwoEUk2hDPMOijQ

Thomas Piketty
http://www.economist.com/blogs/economist-explains/2014/05/economist-explains

Elysium
https://franzcalvo.wordpress.com/2013/08/10/elysium

1:02:45 Economy predictions exist to make astrology respectable.
Yes, you can predict certain things, but that requires quite restrictive assumptions in very fixed situations.

Economy can never be a science, because:
a. All of its categories are political, and
b. Unlike objects studied by natural science, human have free-will.

Entrepreneurs–by definition–behave in an irrational way.

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