The time has come, as it must for all things weak and unproductive.
The old tree becomes dry, hollow, and falls to the ground, fertilizing the next generation of flowers.
The old man leaves his home feet first, enabling a young couple to move in.
Who is at the bottom of all this change?
The pantheon of Hinduism has a great character for this, the god Shiva…
For you must destroy in order to create anew. Get rid of the old, bring in the young.
The time has come for that to happen to one of the oldest behavioral studies we have:
Economists have failed us in so many ways that it’s difficult to describe. In simplest form, consider these damning accusations:
- No economic model has any predictive value.
- After so many years and dollars of investment, there is yet to be a single (actual) statement that can be considered a LAW of economics. Not one.
It’s best if we leave this simple. And here’s the simple solution.
Yes, the destroyer must come and eliminate all things economic. All tenured positions, all funded chairs, all areas of grant funding.
Shiva must visit the Nobel committee and get them to rescind the award, saving it for something more meaningful.
Shiva must erase every professional in government, banking, and finance house that carries the title of economist. Shiva must come with her large eraser and make every journalist, every commentator, and every column that refers to economics go away.
That is what must happen for the situation to improve. For now we spend so much time, energy, and money asking experts for their insights, and they have none. For this they are never punished.
And for that, we must plead to Shiva.
It’s time to study Shivanomics.