2 ms·
The problem with economics I see is not a problem with most economic analysis; they actually do a good job with most questions in microeconomics (to the extent
by billswift 16y ago
The problem with economics I see is not a problem with most economic analysis; they actually do a good job with most questions in microeconomics (to the extent that economics is the closest we have yet come to a social "science"). The problem I have is when they address what are basically psychological questions, like this article which is mostly on motivation, where their assumption of rationality is not particularly useful. In classical economic contexts, as I wrote in the original comment, people are actually about as rational as they ever get.