Shortcomings of Economics

Discussion of the seven major shortcoming of economics: Linguistic Escalation, Blurred Distinctions, Mathematical Myopia, Absent Graphics, Hermit Mentality and Incompatible Variety. Designed to serve as a companion piece to "Creating an Interactive Systems Science Program in Higher Education."



Warfield finished Draft 4 about December, 2008 but it was never published. He considered sending it out for review but did not do so. "Shortcomings of Economics" was designed to serve as companion piece to another paper titled "Creating an Interactive Systems Science Program in Higher Education." Warfield hoped to publish both papers simultaneously or in rapid sequence in a timely manner connected with the 2008 financial breakdown in the U.S. However, in the end, neither paper was published. In January 2009 both papers were shipped on a DVD containing eleven papers, to Robert Vay, Special Collections & Archives, Fenwick Library, George Mason University. The DVD is stored in Box 99, Folder 7 of Warfield Special Collection. The paper Shortcomings of Economics was added to Warfield Digital Collection. There is no hard copy version in GMU collections. Here is the abstract for the paper written by John Warfield: "ABSTRACT: Many economists have gained unprecedented power and wealth in the world today, through a combination of circumstances and a skilled public relations posture. At the same time many economists are involved in powerful moves that have brought tremendous financial losses to organizations and individuals. This combination of ascension to huge power and incredible misapplication of power is testimony to major shortcomings in economics that cry out for elucidation."




Additional Info

  • Category: Languages, Organizations, Research History
  • Size: 15 Min
  • Description: Spiral bound manuscript with cover.
  • Publication Year: 2009
  • Publication Month: 11
Read 105 times Last modified on Sunday, 19 July 2015 14:40

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