The 'people' part of economics has evolved into what is called behavioral economics. Traditional economics assumes that people will make the ration choice, but

The 'people' part of economics has evolved into what is called behavioral economics. Traditional economics assumes that people will make the ration choice, but that can be a pretty limiting view of the world since people obviously are not always rational. I don't disagree that traditional models and assumptions are not that useful when applied to the real world.