“Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Economists have converted the subject into a sort of social mathematics in which analytical rigour is everything and practical relevance is nothing.”
Quote by Mark Blaug
Author
Mark Blaug
Mark Blaug, born on April 3, 1927, was a prominent economist from the United Kingdom. His research covered a wide range of fields including economic methodology, the history of economic thought, and economic theory. Blaug is known for his profound understanding of the history of economics and his significant contributions to the development of economic methodology. more
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