From that wiki page: > gravitating towards mathematical purity and failing to take various aspects into account Mark Blyth puts a lot of blame specifically on

From that wiki page: > gravitating towards mathematical purity and failing to take various aspects into account Mark Blyth puts a lot of blame specifically on the "seductive" quality of mathematical models. https://www.youtube.com/watch?v=hmWbkPezgtU https://www.youtube.com/watch?v=hmWbkPezgtU It may be beautiful math, but that doesn't mean it actually models anything useful with any amount of accuracy and precision. Combine that with the social inertia and status-quo-preserving reactions of the people who created or used the bad models, and you get our current economic situation.