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the consensus is "uncertain" for [2], some of the questions don't make sense or are really vague. Behavioral economics is all about critique of the rational act
by f00_ 8y ago
the consensus is "uncertain" for [2], some of the questions don't make sense or are really vague. Behavioral economics is all about critique of the rational actor in rational expectations theory, I think that fits in with critique of neoclassical theory as too mathematized and unrealistic
the categorization is arbitary, even if you think it's heterodox. he's communicating to a general audience
have you read chang's kicking away the ladder? much more specialized if that's you're thing, with historical data
>In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.
- koube 8y agoYou seem adamant to discredit specific examples of consensus when there are plenty of examples. Go down the list on IGM and find another one if you wish. I'm not here to criticize Chang's works, I'm here to criticize the article, which focuses on critiques of economics in general. Those critiques seem to fall into two categories: 1. economists have political schools of thought and disagree on many things 2. economists assume that people are rational I do not think that these are valid reasons to disregard economics as an area of research and I have responded to these points as much I am willing to do so. I am concerned that many people (such as those that you can see all over in this comment section) have an agenda of discrediting economics in order to support their own political agenda when the facts disagree with their agenda. An example of this when people advocate that lowering taxes will raise revenues. This is not a political difference, this is a disagreement with well researched observations about the world. I am here to point out that there are factual sides of economics where we have high consensus, and discussions around economics should take this into account, just like when any other area of research is discussed. There is a point to observing the world, discussions can be grounded in evidence, and wrong opinions exist.
- oh_sigh 8y agoWhy kicking away the ladder and not pulling the ladder up? If you kick away the ladder, the lower people can just put it right back up.
- emodendroket 8y agoI guess in this metaphor somebody is trying to climb the ladder.