Re:A New Way to Learn Economics
by zaptheimpaler on Tuesday September 12, 2017 @03:48AM
(#15225534)
Yes. At a shallow - Econ 101 level, economics seems to be about those simple models. Most people who weren't economics majors only took Econ 101 and assumed what they learnt was correct.
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Re:A New Way to Learn Economics
by JumpCrisscross on Tuesday September 12, 2017 @03:57AM
(#15225571)
One shame in much economic teaching is its detachment from empiricism. I had the fortune of good professors, mostly in finance, who forced us to model real markets (and in some cases collect new data). In any case, I don't see someone who misses the Chapter 1 disclaimer finding better value in starting in the deep end.
Re:A New Way to Learn Economics
by fgjjgutjvnu on Tuesday September 12, 2017 @03:52AM
(#15225550)
It's always pretty obvious that those are idealized abstractions, though. I don't understand the criticism of the rational actor model.
In the same vein, many people criticize economics for seemingly being obsessed with money. It is not, they just use it as a convenient proxy for value.