Economist Isabella Weber argues that the current academic approach to economics is overly focused on rigid ideology rather than practical problem-solving. Drawing a comparison to dentistry, she suggests that experts should prioritize addressing immediate societal pain points rather than adhering to theoretical dogma. Weber highlights that the prevailing economic conditions, characterized by extreme inequality and high corporate concentration, have become unsustainable for the general population. She contends that these systemic issues threaten both individual dignity and the stability of democratic institutions. Her proposed approach involves a shift toward common-sense policies aimed at ensuring that essential goods remain affordable for everyone, thereby mitigating the risks posed by poverty and political extremism. By moving away from ideological constraints, Weber believes economists can better serve the public interest and stabilize society.
Source : The Guardian
Photo : The Guardian
