Noam Chomsky is a very intelligent person. I do have more than a hint of his brilliance in linguistics because I studied formal grammar and languages during my computer science days. It would be foolish to deny his stellar contributions to his field of expertise. It will be equally foolish to take him seriously in matters that are outside his field.
Insight, knowledge and understanding in some domain does not overflow into other domains, sometimes not even into neighboring domains. Shakespeare was a great poet and an acute observer and commentator on the human condition. But I would not trust him to teach me quantum mechanics.
It’s not possible to be both a great sprinter and a great sumo wrestler. They demand different anatomical features. A sprinter has to be built like a leopard; a sumo wrestler like a rhinoceros.
It is unlikely that a great physicist is also a great mathematician. Here the problem is not due to physical limitations but rather a temporal limitation. To be great in any intellectual domain, you need to not only have the raw brain power but you all have to devote all your time to it. That means that in domains outside your expertise, the best you can do is be an amateur.
Chomsky’s understanding of economics is much better than the average person’s for sure. But that’s a very low bar. The average person on the street has an abysmal understanding of economics.
Chomsky is a socialist. His views on economics cannot be taken seriously. His analysis of economic problems and his policy recommendations are beyond wrong. But then how does he appeal to so many people? All those millions of his fans can’t be wrong, can they?
Yes, the people can be wrong. Chomsky appeals to people because his analysis supports naive intuition, our innate distaste for inequality, our preference for fairness and justice.
Chomsky is not stupid. But he is out of his depth when it comes to economics. Too bad he did not read the likes of Hayek or Mises. He could not have because he only had 24 hours in a day, just like the rest of us.
Go to Chomsky if you wish to learn the theory of grammar, etc. Recommending Chomsky for economics reveals a basic lack of understanding of economics.