Yes, someone's wealth would be affected. I have no idea what you mean by that question. I'm an economist, and it really aggravates me to hear such misunderstan

Yes, someone's wealth would be affected. I have no idea what you mean by that question. I'm an economist, and it really aggravates me to hear such misunderstanding of the profession. Try replacing "economics" and "economist" with "medicine" and "doctor" to hear how ludicrous it sounds. But yes, I agree that many Econ 101 models are tragically flawed. Don't confuse introductory classes for the beliefs of the "majority of economists".