The reduction of a society and culture to dependence on mathematical abstraction has infantilised a grown-up civilisation and is well on the way to d… - David Fleming

Unfortunately, the critics of economics have had a tendency to discuss the whole structure as a tissue of misconceptions. It is a critique that fails. The strength of economics is its considerable, if far from complete, understanding of the flows and comparative advantages that underlie trade, jobs, capital and incomes, and the logic of optimising behaviour, all backed by glittering accomplishment in mathematics. That makes it a powerful analytical instrument, so that just a few misconceptions – such as a failure to understand the informal economy or resource depletion – have leverage: like a baby monkey at the controls of a Ferrari, they can turn it into an instrument with extraordinarily destructive potential. If it were a tissue of errors, it would not be dangerous: it is its 90 percent brilliance which makes it so.

If an argument is a good one, dissonant deeds do nothing to contradict it. In fact, the hypocrite may have something to be said for him; it would be worrying if his ideals were not better than the way he lives.

As people surrender the power to build the institutions they want, which would enable lives that make sense to them, the system as a whole sacrifices the intelligence it needs: it loses its minds.