Why are we still treating economics as if it were an empirical science that makes reliable predictions?

Robert Skidelsky is an eccentric British economist: trained at Oxford, author of a definitive three-volume biography of Keynes, a Lord who sat with the Tories as their economics critic during the Blair regime, who now sits as an independent who is aligned with Labour's left wing. Back in September, Yale University Press published Skidelsky's latest book, Money and Government: The Past and Future of Economics, a retelling of the history of economics as a discipline that seeks to uncover how economics' failings created the 2008 crisis and have only made things worse since. Read the rest