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Modern economic theory assumes all human beings are rational. Citation needed.

• CWuestefeld 12y ago
  This doesn't deserve a downvote. While rationality is generally assumed, that's not universal. For example, Mises, in Human Action, explicitly discusses the problem, structuring his argument such that people must be considered black boxes that do what they do. Even any given person himself may not actually understand why he's doing something, or even what his actual preferences are.
  • stolio 12y ago
    Mises is also an Austrian which, as a school, is often at odds with mainstream economics.
  • meric 12y ago
    Modern mainstream economic theory