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So basically creating a strawman toy model of actual complex economy and solving it. That's what theoretical physicists do initally but once developed they get

So basically creating a strawman toy model of actual complex economy and solving it. That's what theoretical physicists do initally but once developed they get to prediction stage. Just like rational agent axiom is false, I wonder what other badly formulated axioms does economics harbour.

bedobi 3y ago
> So basically creating a strawman toy model of actual complex economy and solving it Uh, no. Read up on what economists did to empirically study and fix the kidney market and how many lives that has saved. (before you start typing, no, it wasn't to sell kidneys to the highest bidder) > rational agent axiom If you knew anything about economics, you'd know that no economist subscribes to any "rational agent axiom". But you have made up a strawman in your head so enjoy poking sticks at it.