the security for growth and development is accesible to societies around the globe at the click of economic justice . As it appears ,indeed a farce on paper and those given to the actualisation of such bogus dreams could be seen to be living like ROBINSO CRUSOE and caught in an island,and not haunted with resolve to proffer solution but also unable to cure his ignogrance .
hOWEVER,GIVEN THE FACT THAT ECONOMIC THEORIES ARE INVARIABLY DEVISED TO PREDICT UNOBSERVABLE PHENOMENA,describe unobservable mechanism and structures and that the value of a theory is embedded in its structure to predict this observable phenomena,it automatically becomes aprediction or forecast instruments,even thogh has likewise face incessant criticism from the philosophers of science. Friedman-1953,Leplin 1984 and Ibikunle20018.
Is there any possibility whatsoever that the forecast task of economic equality attainable and parameters and indicators induced towards this elusive direction?In the same way,in which Hausman1992,in its realistic approach to economic theory and the main goal to arrive at assumptions that approximately true,which also suggest economic theory theories and economists should strive to pay greater attention to economic institutions,cmparative analysis and economic history,the notion of economic equality ought not to be jettisoned either.
We are banboozled but not concerned at the ballooning proportion of economic inequality of mordern times and no society is spared in the international community.The dearth of economic theories and relevant institutions stare in the face as public misery persi
st and escalate.
hOWEVER,GIVEN THE FACT THAT ECONOMIC THEORIES ARE INVARIABLY DEVISED TO PREDICT UNOBSERVABLE PHENOMENA,describe unobservable mechanism and structures and that the value of a theory is embedded in its structure to predict this observable phenomena,it automatically becomes aprediction or forecast instruments,even thogh has likewise face incessant criticism from the philosophers of science. Friedman-1953,Leplin 1984 and Ibikunle20018.
Is there any possibility whatsoever that the forecast task of economic equality attainable and parameters and indicators induced towards this elusive direction?In the same way,in which Hausman1992,in its realistic approach to economic theory and the main goal to arrive at assumptions that approximately true,which also suggest economic theory theories and economists should strive to pay greater attention to economic institutions,cmparative analysis and economic history,the notion of economic equality ought not to be jettisoned either.
We are banboozled but not concerned at the ballooning proportion of economic inequality of mordern times and no society is spared in the international community.The dearth of economic theories and relevant institutions stare in the face as public misery persi
st and escalate.
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