The subject of economics is virtually incapable of arriving at a real theory. It needs to be a task of the socialist left to correct that, but I doubt that it can. Marxist economists tend to be trained in the same BS syndrome as everyone else, and the theories of marx, despite his many engaging insights, are hardly better.
The solution which noone will take is to eschew theories, dispense with calculus and adopt empirical models. Actually that what is done in practice and noone can really use marginalist theory because if they did they would look ridiculous in public.
Ideology shared in muddle of evolution/economics…//Evonomics – Scientific American
June 28th, 2018 ·
Entire professions of economics and (darwinian) evolution remain fixated in a core set of fallacies, summarized in this boilerplate patch…
This statement is pure rubbish with so many fallacies it is almost incredible. The entire biological and economic community turns in circles around a core set of fallacies, beginning with the fallacies of natural selection. Economies are designed for the simple reason that economic agents as designers create economic facts which add up to economies of some kind. Here the darwinian fallacy is taken to promote an anti- government ideology, when in reality there is a entire potential for top down economic strategies, especially at the point where unregulated capitalism has become so dangerous.
“As with living organisms and ecosystems, the economy looks designed—so just as humans naturally deduce the existence of a top-down intelligent designer, humans also (understandably) infer that a top-down government designer is needed in nearly every aspect of the economy. But just as living organisms are shaped from the bottom up by natural selection, the economy is molded from the bottom up by the invisible hand.”
Source: Evonomics—Scientific American