How to Identify Economic Zombies

I have to agree with this statement from www.economicnoise.com:

Economics is not a difficult subject, unless you try to learn it from an economist. As described by John Kenneth Galbraith, who posed as an economist but was far better as a critic:

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.

Common sense is all that is required to be a good economist.

Unfortunately, PhD economists have mucked the art of economics up.  They have complicated it in order to engage in Conspicuous Education.

And what is an Economic Zombie?  The article in the link describes an economic zombie this way:

An economic zombie can speak and is not dead in any physical sense. His defining feature is a focus almost solely on the present. He assumes tomorrow will be just like today. If his current behavior has not created trouble or hardship thus far, then it won’t tomorrow or on into the future. Linearity describes his thinking and world. The future will be just like today.

According to this definition, all academic and government economists are economic zombies.  As are 99% of all politicians and corporate officers.  It seems that The Walking Dead is not just a hit TV show; it is also a metaphor for America today.

 

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