The new astrology: by fetishising mathematical models, economists turned economics into a highly paid pseudoscience

https://aeon.co/essays/how-economists-rode-maths-to-become-our-era-s-astrologers

“‘If you get people to lower their shield, they’ll tell you it’s a big game they’re playing,’ he told me.” “‘In economics…, if I’m trying to decide whether I’m going to write something favourable or unfavourable to bankers, well, if it’s favourable that might get me a dinner in Manhattan with movers and shakers,’ Pfleiderer said to me.”

@general