I belong to the Austrian School of Economics which is quite unusual given that I am more used to hard sciences. In fact, try to model the economy after the theory of chaos and had believe that there can be some realistic modeling of economies. But there is still a lot of controversy over what is economics. I guess one school denies the theories of another and vehemently protecting their own.

I do not take it for granted that whatever is given to me is the truth because it comes from that school or oppose a theory because it is from another branch of economists. The essence of knowledge is in learning, you learn about other theories in order to counter check on your own. You learn from other theories so as to enrich your own.

Is there a correct or wrong answer for Economics? I would say no, it is evolving and we are learning as society progresses. Economics isn’t a static subject, it morphs with society and we need to be constantly updated and not clenched on any particular beliefs or thoughts but to keep upgrading our knowledge from each other.

Strange and sad to see that if you go to any forums on economics, there are bound to be those diehards who will oppose and condemn any and everyone that do not support their views. I am constantly reminding myself that my knowledge may be a fist full of sand in the beach. It is infinitesimally small and insignificant and that I should keep learning from the rest, anyone can teach you a lesson or two. Be it the man in the street or the professors of the universities, all are equal and you can learn something from them.