Author: Damian Merciar
Damian Merciar is Managing Director of Merciar Business Consulting, http://www.merciar.com, a niche business economics consultancy founded in 1998. He has over twenty years experience in the areas of commercial Business Strategy. He is experienced in the transition environments of nationalized to private sector state utilities and the senior practice of commercial management, advisorial consultancy, and implementation. He has carried out policy advisory work for government ministries and been an adviser to institutional bodies proposing changes to government. He holds an MSc Economics from the University of Surrey’s leading Economics department and an MBA from the University of Kent. Also attending the leading University in the Middle East, studying International Relations and Language, for which he won a competitive international scholarship, and has a BA (Hons) in Economic History and Political Economy from the University of Portsmouth. He is currently based in London. View all posts by Damian Merciar
One thought on “Lies that economics is built on”
Hang on a tickle. The economist and their toolbox isn’t to blame. I get the point, but all economists have access to models which try to explain what can be measured, in more sophisticated ways than the writer suggests, and are all bounded by statistical significance. The real blame game is in the transition from a model to the “truth” – it’s what people DO with the outcome, not the fact that someone tried to make some sense of the world!