Defending the economics discipline and arguing it is ready for a paradigm shift

Review of Cogs and Monsters: What Economics Is, and What It Should Be by Diane Coyle

I have always felt ambivalent toward economic “science”. It is highly mathematical, constructing abstruse models often impossible to connect to real life (I mean, “aggregating individual utility maximization”?) and its proponents act as if they are gurus while flatly contradicting each other. I struggled with it at 3 universities. In spite of my skeptic…