Re:Economic Termites Are Everywhere: stats hide the experien...
by mr_toad on Monday June 10, 2024 @01:26AM
(#40630462)
> Economic "models" make assumptions like markets being efficient.
There’s probably more ink devoted to the study of market failures in economic literature than perfect markets. Nobody is getting tenure by developing models of perfect markets.
There’s probably more ink devoted to the study of market failures in economic literature than perfect markets. Nobody is getting tenure by developing models of perfect markets.