Scottish Nobel-prize-winning Economist, Angus Deaton, just dropped a huge Truth Bomb on his fellow economists.

"[Economists] have largely stopped thinking about ethics and about what constitutes human well-being [equating it] with money or consumption, missing much of what matters to people ... [Without taking into account Power] our recommendations become little more than a license for plunder."

#Economics #Capitalism

https://www.crikey.com.au/2024/03/12/nobel-laureate-economist-angus-deaton-capitalism-power/