Cargo Cult Economics

SEE HERE For those who are too young to remember what "Cargo Cults" are, the reference is to natives on the South Sea islands where we built airfields during WWII. The natives saw these "big iron birds" land and dispense vast amounts of food, and other materials and they treated them like a race of gods and built imitation aircraft as part of a religious cult. Of course it didn't work. "Cargo Cult Economics" is an economic edifice that pretends to be economics but also doesn't work. ALSO HERE