Dealing with Reality
Edited by Jesper Jespersen and Finn Olesen
Chapter 13: Do not blindly trust economists
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.
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