inevitable dominance of economists

... The extent of power that Keynes has attributed to economists remains questionable. ... Intellectual influences of economists remain embedded in the system within which the world operates. ... Ironically, these individuals or the practical men as Keynes referred to them believe that they manipulate the system where as in reality they are manipulated by the idelogical framework that has been established by defunct economists. ... It is again the underlying idea of capitalism and the power of economists that manipulate how technology and organizations evolve. ... Thus, the social feature of capitalism illustrates how state intervention takes place as a result of the ideas of defunct economists. ... Economists are more powerful than then commonly perceived because they explore human wants and the means to satisfy them. ... Another area “defunct economists” have manipulated throughout history is trade. ... Several economists have made policy recommendations regarding international trade. ... These policies demonstrate how economists play a vital role in determining the international trade relations. The works of economists pave the way for each country to act in a certain way not only in trade but in a more complicated issue such as population. It is also necessary to emphasize that some economists are significant not in the ideologies they propose but as opposition to others. ... German historical school came into existence as a refusal to the ideology of defunct classical economists. ... The ideas of economists are relevant in the historical framework they have been formed. Even though the economists of German History School were wrong and their ethical orientation has no meaning in theory and practice and that they lead to a confusion, they are significant due to the fact that they have been shaped in light of Smith and Ricardo. ... It is due to this fact, economists have become too confident in criticizing others while considering themselves at the center of policy making process. ... In line with these economists, Keynes is ambitious in calling practical men as “slaves”. ... It is logical to ask what role he assigns to himself and other economists if he considers others as slaves.

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