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I understand what you're saying but in my opinion the statement "People are NOT rational actors" leads directly to "Economics is NOT simple", "Econ-101 is NOT a
by metalchianti 8y ago
I understand what you're saying but in my opinion the statement "People are NOT rational actors" leads directly to "Economics is NOT simple", "Econ-101 is NOT a comprehensive overview of the field", and "Economics is NOT morally neutral".
- ardy42 8y agoYou're correct, but in the same way that you'd be correct in saying you can derive most of modern mathematics from the axioms of Zermelo–Fraenkel set theory. Textbooks still go through the individual results rather than just stopping at an enumeration of the axioms. I think the first three points get to the main body of the actual errors many people make in the exact way they make them: overconfidence in their understanding and in their ability to be neutral.
- pavel_lishin 8y agoBut these lists aren't just a list of axioms, from which the corollaries are left as an exercise to the reader.
- qubex 8y agoIt's a bit paradoxical and self-referential for a list of supposed Falsehoods to be enunciated and to include “Econ-101 is NOT a comprehensive...” as an item... having further reduced economics to an even lesser level of sophistication.