memes

I can sympathize with them, as the way economic thought is portrayed in popular journalism makes it seem like ivory tower eggheads concocting overly-mathematized models to support bad policies. And I do believe there is some truth to this, with bad economists hiding shitty ideas behind the veneer of respectability that math provides. Science and technology are almost fetishized in our culture, especially by those who don't really study them academically, and I believe disingenuous economists and politicians use this fact to their advantage.

What they must realize is that whatever flaws they might identify to overhaul these bad economic models leads to... more economics! Hopefully better economics. But they're still participating in the field known as economics.

For instance, noting that the "homo economicus" doesn't exist IRL isn't really the gotcha that many people think it is. Rather, anybody doing economics properly is acutely aware of this fact, and is just exploring the limits of what such a simplifying assumption can yield. E.g. a surprisingly large mileage from the very parsimonious axioms of utility given by Von Neumann and Morgenstern. The really interesting and difficult part is thinking about how and why real life data deviates from the predictions made by the simple assumptions.