Adam's Fallacy

A couple of years ago there was an Atlantic article "The Market as God" which parodied the similarity between theological treatises and the comments about the movement of the bond market. And David Stockman once said that he wanted to come back as the bond market. Duncan Foley's book warns that economics is neither good nor bad. It just is. If there are value-laden decisions to be made, we must find other sources to make choices. Economics will not tell you.