In Economics Departments, A Growing Will to Debate Fundamental Assumptions
This NYT article sums up my pet peeve with economics – those stupid assumptions. Free trade is unequivocally good! Government intervention is the root of all evil! If your economics doesn’t have maths in it, it’s not real economics! Everyone is rational!
I wish I had the knowledge to analyze these assumptions for myself, but right now I need to focus on learning the fundamentals. I’m currently reading The Truth About Markets – thank goodness John Kay isn’t a rabid neoclassical fundamentalist.
