Most of all the theorizing one hears today in the area of economics is surface nonsense that either completely glosses over the deeper realities or simply presumes the modern categories and understandings. This is to say, it hides or forgets that it is just another theology masquerading as something neutral or objective. Whether it is classical, Keynesian, Laissez Faire Capitalism, or the myriad other schools out there- they are not “sciences”- they are always theologies/philosophies trying to pass themselves off as something else.
Until people are ready to recognize these underlying truths and realize that “economics” is ultimately about spiritual and moral realities and will always be governed by such, all the current blather will lead to one excess after another. The truth has a way of making itself relevant, no matter how hard we try to fool ourselves into thinking we are talking about something else in some objective neutral scientific way.
Greed, generosity, compassion, justice, fairness, love, community, hate, and all the other deep things of life are what “economics” tries to address is a “scientific” language of exchange, property, value, goods, labor, statistics, graphs, and as many other terms and methods it can come up with to hide what it is really trying to address.