4 ms·
No model is perfect, but some models are better than others. I think it's fair to blame models that don't work very well. It's true that they are presenting neo
by Gimpei 8y ago
No model is perfect, but some models are better than others. I think it's fair to blame models that don't work very well. It's true that they are presenting neoliberalism as a boogieman. I don't even really understand what that actually translates to in econ: Chicago School perhaps. But there is a lot of disagreement on the efficiency of markets and the need for regulation in the discipline. I think a lot of recent economics research makes a good case for increased regulation in order to correct real market inefficiencies.