does economics tell the truth?

Answer 1

Economics is based on a simple model that describe how markets work. The world however is much more complicated. If all physicist knew was the Newton's laws and tried to describe the world they would be right about a lot of things, but without knowing about air resistance they would tell you that feathers and steel balls fall at the same rate. Because it is so hard to run an experiments in economics they haven't been able to make the additions needed to describe many aspects of how economies work. Economic theory works fairly well in financial markets but is much less successful in describing labor markets. As to truth, only mathematics tells the truth.

Answer 2

Some economists can be devided like socialists and democratic. Some economist may tell a lie about the socialist utopy, but in other words the socialist economist make planned economics and oppress the consumer freedoms and economic prosperity. In the book "Prosperity for All" Ludwig Erhardt says that ceonomists from the occupastional forces in Germany says that the centralized economics is very bad and opposite the market economy. Some economists like George Sorros tell the real truth, some tell lies. For this reason Ludwig Erhardt says that the market economy is better than the planned or centralized ecopnomy. In the socialist countries the ecoonomists of the communist parties in the soviet union, bulgaria, rumania told very much lies that the socialist society will go forward than the capitalistic society. But the other socialist countries like czech republic, hungary, poland and slovakia have felt the lies of the soviet economists and turn their econimies into market, they came to their consciousness and mind that the real life is the real economy which have not to be centralized, and decentralized. I think the leninism and marxism told very much lies that must there be a equalities between poor ant rich, but that is not true because, the porr will be poor, and the rich will be rich. In the socialist countries is bridening the corruption and secret crimes against the human race. The mass tombs in Bosnia and Herzegovina in 1995 ruled by Radko Mladic and Rodovan Karadjic which tried their luck in non communist countries as long as the bosnian people devidet to christian and muslims are killing between themselves. Today is possible the economists to tell some lies if they wish or they have a trick to tell the consumer that he or she may buy or sell. Now from the side of some economist I will stand and tell the real truth, it is very hard for the market economy to break through but it depends on peoples consciousness and mind. If they do not wish to believe in economic promises for prosperity they will be never told an economic lie. Because the prosperity of one nation takes more years, for example Germany after the seconde world war in 1948 began to produse from base year 1936=100. The Korean crisis concerns West Germany but in years 1949, 1950=100 till year 1954 Germany begins its economical stabilizations. If you read economical literature you will understand wherther economist are telling lies or not.

Answer 3

More often than not, yes!
But always there is an invisible hand significantly changing what the theory is saying…