To be fair, the author does say that modern economists don't claim to believe the simplistic Homo economicus model: > Of course, most economists know that the

To be fair, the author does say that modern economists don't claim to believe the simplistic Homo economicus model: > Of course, most economists know that the people with whom they interact do not resemble Econs. In fact, in private moments, economists are often happy to admit that most of the people they know are clueless about economic matters. But for decades, this realization did not affect the way most economists did their work. They had a justification: markets. To defenders of economics orthodoxy, markets are thought to have magic powers. But I think this criticism is invalid as well, based on what I have read of economics. It seems like few economists believe markets solve all societal problems, even among the notoriously pro-market schools, like Chicago and the very heterodox Austrian.