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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 ps
by 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