The bubble is the economist's pretense that economics is as rigorous as physics.

But no, I'd say there's a value hierarchy separating science from pseudoscience, but not the sciences and the arts. I'm fine with saying that the sciences and the arts serve different objectives, so there's little point or sense in saying which is overall "best."

The question here is the practical one of whether economists use the cachet of science to pull the wool over the public's eyes. Is economics more like objective science or propagandistic theology? Pseudoscience is a fraud, which makes it bad.