Re:How Elizabeth Warren Took Down the CEO of Wells Fargo, an...
by conanbatt on Tuesday November 29, 2016 @08:34AM
(#13062907)
Not economics, some models of economics, and economists and the field is very well aware of the limitation of their own modeling, since the rest is borderline sociology with very limited capacity of experimentation, and some of the most prominent economists (Marx, Adam Smith, Keynes) wrote extensively in sociological terms.
"Economics has been subject to criticism that it relies on unrealistic, unverifiable, or highly simplified assumptions, in some cases because these assumptions simplify the proofs of desired conclusions. Examples of such assumptions include perfect information, profit maximization and rational choices."
https://en.wikipedia.org/wiki/Economics