Oh Snap!

Ouch! Tim Harford cracks on economists. In providing advice to a student considering studies in economics without a proper math background, Harford claims,

You have theorised on the basis of neat concepts without any real-world knowledge – in some ways, ideal preparation to be an economist.

Here's James Buchanan's take on the feckless state of the profession following economists' bumbling of the financial crisis and events leading up to, and following, it.