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Neoclassical economics is not only built around that idea, you also have the ability to predict the behaviour of others accurately. If you don't have those two
by imtringued 3y ago
Neoclassical economics is not only built around that idea, you also have the ability to predict the behaviour of others accurately.
If you don't have those two things, then it doesn't work.
- skybrian 3y agoIt's a somewhat better assumption for repeated, routine transactions.