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> For these reasons, some of the simplifying assumptions of economics are not always correct: people do not act in every instance in their long-term self-inter
by aaron695 12y ago
> For these reasons, some of the simplifying assumptions of economics are not always correct: people do not act in every instance in their long-term self-interest; they do not weigh up all the costs and benefits before taking a decision.
This seems a pretty stupid strawperson statement. Do they seriously think economists believe this at a micro level?
The rest of the article seems to be lacking any sort of substance.