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Neoclassical economics still has no plausible answer for the Anything Goes theorem: https://en.m.wikipedia.org/wiki/Sonnenschein–Mantel–Debreu_theorem https://
by hn0 8y ago
Neoclassical economics still has no plausible answer for the Anything Goes theorem:
https://en.m.wikipedia.org/wiki/Sonnenschein–Mantel–Debreu_theorem https://en.m.wikipedia.org/wiki/Sonnenschein–Mantel–Debreu_t...
Decades after the findings were published.
I find it hard to conclude this would be the method of a established science.
Not to mention that many of “mainstream” economics is at odds with accounting principles.
- fwdpropaganda 8y agoI'm very confused by your post. > Neoclassical economics still has no plausible answer for the Anything Goes theorem: What should it be answering? You linked to a theorem, not a question. And even if it were a question that a certain theory doesn't have an answer to, that's perfectly normal. Theories come with their domains of applicability. Go outside that and they "don't have an answer". For a comparison to physics, that would be like saying "centuries after the findings were published, Newton's theory still can't explain the speed of light being the same in every reference frame, I find it hard to conclude this is the method of an established science." > I find it hard to conclude this would be the method of a established science. What are you referring to when you say "this"? The thing you linked to is a theorem, not a method. I think you might be assuming from me knowledge and context that I don't have.