2 ms·
Badness of the article aside much of the axioms that make up the foundations of Economics are simply not true imo. The bedrock of the field is that people act r
by gigatexal 5y ago
Badness of the article aside much of the axioms that make up the foundations of Economics are simply not true imo. The bedrock of the field is that people act rationally. But they don’t. Firms do. And maybe groups of people do: but individuals don’t. Not always.
I always thought the field could use updating to reflect more of what we really see and not what the theory suggests we should see.