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Do not blindly trust economists

In: Progressive Post-Keynesian Economics

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  • Mogens Lykketoft

Abstract

Economic models are partial and often biased by ideology. In the present situation government models have a neoclassical free-market twist, which gives neoliberal policies priority with regard to growth and employment. This result is contrary to reality, where the Scandinavian welfare model has been very successful. So, be critical and do not blindly trust economists. A free-market model gives a biased picture of austerity policies for the present and the cost of creating a sustainable development for the future.

Suggested Citation

  • Mogens Lykketoft, 2019. "Do not blindly trust economists," Chapters, in: Jesper Jespersen & Finn Olesen (ed.), Progressive Post-Keynesian Economics, chapter 13, pages 167-172, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18368_13
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    Economics and Finance;

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