Econoganda, n: What you get when “Economists” engage in Propaganda.

Econogandist, n: A person who produces Econoganda.

Examples: The popular works of most politically-driven “Economists”. Krugman, Mankiw, DeLong, half the posts on ZeroHedge, etc. The folks who decide to be pundits with an agenda, instead of scientists.

If these people were real Economists, they’d be more interested in finding a true scientific foundation for their field — not in pushing particular policy agendas. Especially 5 years after their theories were all invalidated by poor predictions.


Update 11/20/2013:

pro·pa·gan·da:  noun

ideas or statements that are often false or exaggerated and that are spread in order to help a cause, a political leader, a government, etc.

1 capitalized : a congregation of the Roman curia having jurisdiction over missionary territories and related institutions

2 : the spreading of ideas, information, or rumor for the purpose of helping or injuring an institution, a cause, or a person

3 : ideas, facts, or allegations spread deliberately to further one’s cause or to damage an opposing cause; also : a public action having such an effect

— pro·pa·gan·dist noun or adjective
— pro·pa·gan·dis·tic adjective
— pro·pa·gan·dis·ti·cal·ly adverb

Examples of PROPAGANDA

He was accused of spreading propaganda.
The report was nothing but lies and propaganda.


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