Joseph Schumpeter says hi, creative destruction of outdated economic theories is needed.
What if rules and tools economists have developed in their "World 3" are no longer enough to explain Real "World 1"?
What if facades painting no longer works?
Who is responsible for the redesign of economic theory?
Where are the supporters for fixing the bugs - for example integrating Intangible Assets/Capital, P&L / Balance of Enterprise Potential....
Or is it more economical and profitable to teach and sell old theories until the Real "World 1" breaks?
Joseph Schumpeter says hi, creative destruction of outdated economic theories is needed. What if rules and tools economists have developed in their "World 3" are no longer enough to explain Real "World 1"? What if facades painting no longer works? Who is responsible for the redesign of economic theory? Where are the supporters for fixing the bugs - for example integrating Intangible Assets/Capital, P&L / Balance of Enterprise Potential.... Or is it more economical and profitable to teach and sell old theories until the Real "World 1" breaks?