First I agree with you in economics we should be a “straightforward to make the case that” will be relevant, rationale and unconventional in logic.
It may not be true that the
It is absurdity to Say “the problems of the Japanese banking system, for example, can be interpreted as arising in part from the collision of a traditional, relationship-based financial system with the forces of globalization, deregulation, and technological innovation (Hoshi and Kashyap, forthcoming.” I wonder if the developed world says the same thing that developing world (although wrongly) breach in their home. Where the unconventional developments of post modern monetary society march?
There is nothing to lose “traditional strengths” if the nation marches toward better living condition with core rule of law value.
Politicians around the try to play “a major role in… macroeconomis” which is a fiction in practical life.
Perhaps it is true that the political “the conventional wisdom that attributes much of
A nation’s price of commodities and services is not an end product to “stabilizing aggregate demand and inflation” which is often deemed to be so.
The biggest myth of twenty-first century will be the “responses,.. confused or inconsistent, relied on various technical or legal” pundits in world.
Back to Hayek read his choice of currency and his greatest theses of contribution to spontaneous economics. The problem of economics is not resources but information according to Hayek’s original contribution to economics.