The Solution to the Lack of Interest in Making Such an Important Change in Economics
The solution for solving the problems of economics and making it a useful and valuable science that people in the United States and around the world can rely on and benefit from will come from addressing the four key areas described previously, and from getting other economists to focus on them as well.
Of course, we have a lot more to say about each of those four key areas and how to answer the questions that are raised in each one. We will address those issues in future books. In addition, we look forward to writing books about how to increase productivity based on these ideas. Raising productivity will be crucial to our economic recovery and future growth.
As to getting other economists to focus on those issues, well that’s going to take some time. However, the Aftershock helps to speed up the timetable—a lot. That’s because right now it’s not that obvious that economics is totally lost. The economy is doing okay, as are economics faculty and researchers at major universities and research institutes. There has been no significant loss of funding for economists.
However, once the Aftershock hits, it will be quite obvious that economics has failed miserably. In addition, there will be a whole lot less money to go around for universities and economics research institutes. And, since economists had a lot to do with creating the Aftershock through their lack of understanding of the economy, there ...