Economisting

economisting 1. The act or process of converting limited evidence into grand claims by means of punning, multiplicity of meaning, and overreaching. 2. The belief or practice that empirical evidence can only confirm and never disconfirm a favoured theory. 3. Conclusions that are theory-driven, not evidence-based. See also confirmation bias, painting with a broad brush, Iraqi weapons of mass destruction, marketing, post-modern critical theory, German meaning of “mist”.

Beautiful Evidence by Edward Tufte

Need I say more about how this applies to today’s economy, foreign policies, ways of thinking?