[freebsd_dude]

Economics in the 40-50s was about Markets vs. Planning. The big economic names at the time - Hayek, Keynes, were debating the merits and faults of markets and planning. Einstein threw in his 2 cents. That he was a physicist has no bearing on his argument.

[Semiapies]

Exactly. And yet the only reason this essay has been dug up is because the greatest physicist of the day wrote it.

Hayek, Keynes, et al discussed the economics - the models, the math.

Einstein here makes a political argument, complete with hand-waving about how economics can't be used to judge his position because it's so last-wave.

This is the political version of Linus Pauling and vitamin C .

[freebsd_dude]

Actually Hayek and Keynes never used much math in their arguments. Keynes ideas were put into economic models by later economists with science backgrounds: Alvin Hansen, Paul Sameulson, James Tobin, etc.

Quit pointing out that Einstein was wrong. Thats obvious. The point is that a physicist can contribute to economics. Had the original poster simply pointed out the flaws of socialism, this discussion would never had taken place.

Edit: original poster = I mean the guy who said JM Keynes on QED - had he pointed out socialism flaws this discussion would have never taken place.

[Semiapies]

You are far out of your depth; this'll be my last to you.

"Quit pointing out that Einstein was wrong. Thats obvious."

Please point that out to the people trying to sleaze in the claim he was right. :)

"The point is that a physicist can contribute to economics."

To quote another physicist, you're not even wrong!

"ad the original poster simply pointed out the flaws of socialism, this discussion would never had taken place."

Well no - gnosis apparently would have never submitted this, judging by some of his other remarks.