I attended a short lecture with this provocative title and you may guess the answer from the length of this piece….
A more detailed conclusion was really the old one – yes, but more and more about less and less. Everyone was studying such specialist fields that they had lost sight and certainly understanding of what the economy was for.
It is very clear that economists’ desire to keep economics value free – as though it was a real science – is why they concentrate on maths rather than narrative.
You can’t argue with the maths – whereas you can with the narrative.
That is why we have to keep in mind that economics is a social science and the economy is always political.
Mathematical calculations are never the equivalent of political ones.
It really still is, just as John Stuart Mill called it, the political economy.