New Scientist recently published a special issue, The Folly of Growth, ostensibly an expose of flawed economic theory.
As you can deduce from this blog and writings elsewhere, New Scientist is my favourite magazine, and I have read practically every issue the last twenty years. While generally of quality there have been some duds among the articles and issues. This issue is among the worst.
New Scientist has changed through generations of editors, but retaining many of the strengths and weaknesses. It has never done economy well, and most of the time it has been weak in information technology, doing better these days.
Whatever your viewpoints this issue was bad economics, anyone reading it would not learn anything about economy from it, and whatever they learned would be more likely to be wrong than right. Through a Global warming thread in the forums I was pointed to a rebuttal from The Register (of all places), as the errors were basic and numerous that saves me some time.
What dismayed me more with this issue was bad science. I would love to see a scientific outlook on the “dismal science”, where you can find much folly indeed. New Scientist here wasted a good opportunity. I know how hard it is to make a special issue work well, you depend greatly on the contributors and the editors to turn the disparate articles into a coherent whole, and reject the articles that can’t be improved. I don’t know who declined to participate, but of the contributions several articles should never have been published in New Scientist.
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