I apologize in advance but...
Economics has really missed it's mark. We can explain a lot of small. everyday stuff that affects us all. We cannot a explain anything important to society. So I wonder why the average person should care at all about economics. For example, Many economists cannot answer the following basic questions about life:
What is love ??
Do decisions at the firm level really matter at the macro level ?
What make a company good at innovation vs. dumb luck ?
Are Blacks less ambitious than whites ?
Thanks goodness for behavioral and happiness economics
The two fields, closely related, hold great promise for explaining how the real world works. I wish them both well.
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