Economists lead us to believe that an economy is a means to produce economic activity as defined by the almighty Good for Nothing PredictorGross National Product.5 But the GNP is not itself a good. It is an economist’s means of measuring the performance of a national economy. The GNP only measures the activity of things as valued by money. It has nothing to say about the happiness of the people. It has nothing to say about the distribution of wealth within the society. It has nothing to say about any activity not involved with the exchange of money.
Economists exhibit an inability to prove anything about the economy, economic policy, and the functioning of society. If economists really knew what they were talking about, why are we so consistently making such a mess of our economies, even using their own definitions? Why are there times of boom and bust entirely unpredicted and unexplained by these economists? Why are there so many opposing economic opinions?
Economists are striving to understand and ultimately predict the economy. Unfortunately for them, the economy appears to be so fundamentally complex that their efforts at understanding through simplification result in reducing the meaning out of the questions.