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Dayuhan,

Plate tectonics, as a theory, is well enough established that almost all geologists subscribe to it. Same with evolution and biologists. Economics, on the other hand, seems to be a...

Dayuhan,

Maybe you can explain why there is no leading theory in economics unlike, for instance, evolution or plate tectonics. There are several competing schools and none of them seem to have a...

Lots of ad hominem floating around in here. Still, here's my 2 cents: Economics, like most social sciences, is a descriptive science, not a predictive science.

There will always be people who will try to game the system for their own benefit and to the detriment of everyone else. Punishing, tar-and-feathering or whatever after the fact doesn't fix that...