Economics isn’t supposed to make sense, it’s just meant to justify the prevailing system for the time. It is like theology back when we used to live under religious monarchies. It treats itself as “academic,” has universities and degrees, very serious “scholarly” debate, entire textbooks written on it, all its adherents will insist that it is a genuine scholarly enterprise and anyone who disagrees just “doesn’t understand it,” but it is ultimately not a genuine scientific program but merely exists to justify the prevailing order at the time.
Economics isn’t supposed to make sense, it’s just meant to justify the prevailing system for the time. It is like theology back when we used to live under religious monarchies. It treats itself as “academic,” has universities and degrees, very serious “scholarly” debate, entire textbooks written on it, all its adherents will insist that it is a genuine scholarly enterprise and anyone who disagrees just “doesn’t understand it,” but it is ultimately not a genuine scientific program but merely exists to justify the prevailing order at the time.