Re:A plan to change how Harvard teaches economics
by BurningFrog on Thursday June 13, 2019 @12:54AM
(#20171898)
You seem to be talking about macroeconomics, which is a very different animal than supply/demand dynamics.
Macroeconomics is a science all my itself, and by and in some ways a failed one. It may even be impossible as a (public) science, since the object of the study is intelligent, aware of the findings, and has incentive to change in response to it.
This have very little to do with basic the microeconomic of supply/demand dynamics. Which could better be named "Price Theory".
Macroeconomics is a science all my itself, and by and in some ways a failed one. It may even be impossible as a (public) science, since the object of the study is intelligent, aware of the findings, and has incentive to change in response to it.
This have very little to do with basic the microeconomic of supply/demand dynamics. Which could better be named "Price Theory".