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" "[I]f we're not able to shift our paradigms, if we are stuck in the Arrow–Debreu world, then we're going to become the neoserfs of the oligarchs. Just like Aldous Huxley predicted in his novel, a Brave New World
(born 28 December 1944) is an American economic historian of Hungarian descent and former holder of the chair of economic history at the University of Munich.
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So why were economists so wrong? The problem is that economics is an axiomatic theory, it's deductive, based on assumptions almost all of which are false [with] too many omitted factors, and they don't care about contradictions. They don't care about people killing themselves... That's not an economic problem.