it’s always based on laws that describe what happens (or more accurately what USED TO happen) and not why they happen. This lack of a scientific economic approach has led to the impotency of liberal economic “science”. This is why the libs, even the ones that consider themselves “economists”, are so frequently wrong: they’re entire fucking ideology has been rendered completely null by the ongoing changes in society, which are propelled by its own contradictions. They predicted that China would collapse 30 years ago; China’s stronger than ever. They sanctioned Russia; ruining their own economy in the process while not even hurting the RF. They can’t even figure out why wages haven’t risen with economic output…Liberalism is just copium expressed in complex economic jargon.
It’s by design. At this point, over 300 years into the capitalism, each honest and fact based research about reasons for the economical occurences would lead them more or less straight to marxism. Mainstream economists can’t delve too deep into the economy and not risk losing their good life.