“The practical engineer, who judges himself quite immune to the need of theoretical novelties, is usually the slave of a defunct mathematician.”
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i guess this applies also to practical economists.but the question is:theoretical engineers and economists, who judge themselves so… smart, are usually slaves of what?abssgold
Practical engineers, perhaps? About economists, I don't know – have to ask Maynard Keynes.
psychiatrists, maybe…hugssgold
I know! Theoretical engineers are slaves of the technicians who put together their computers and equipment and pens and pencils! And theoretical economists are the slaves of a shopkeeper!
Concerning the economists,I would say that the relation between them and the shopkeepers is not precisely slavery, but a somewhat theological one, based on worships, beliefs, blind faith and so forth.Check out the following:http://www.theatlantic.com/issues/99mar/marketgod.htm
Maybe I was thinking more about the fact that theoreticians earn their bread not with their own sweat, but with taxes paid on baked goods 🙂