The History of Economic Thought

A look at history, and at how economists failed to catch errors

To understand the world you need theories. Economists supply theories we need to use in the field of economics. It’s possible that the theories are not actually that good. It is still the case that this is what economists do, so there were some theories. Not very good ones. Why so many difficulties? It is difficult to find a theory of economics because it is difficult to supply a context for the economic activities. There was an increase in economic activity that we call…