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what's not nonsense is to view humans as rational beings, and the free market as the perfect system. What it says is that economists should include more psycho
by cdancette 8y ago
what's not nonsense is to view humans as rational beings, and the free market as the perfect system.
What it says is that economists should include more psychology and less mathematics in their theories.
- fwdpropaganda 8y ago> what's not nonsense is to view humans as rational beings, and the free market as the perfect system. > What it says is that economists should include more psychology and less mathematics in their theories. Those are some really groundbreaking ideas, I can't believe no one has thought of that before. https://en.wikipedia.org/wiki/Behavioral_economics https://en.wikipedia.org/wiki/Behavioral_economics
- cdancette 8y agoOf course some people thought of this. That's explanained in the article
- Matticus_Rex 8y agoI've yet to meet an economist who doesn't accept bounded rationality (as opposed to the idea that people are perfectly rational).