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That conclusion is exactly what I'd think an impartial observor would say and conclude about Economics. Perhaps discounting equilibrium economics, and being a little more harsh on the "rationality axiom", and particularly Rational Expectations. Also I would include disagreement with the metaphysical assumption involved with the PIH and Euler Equations.
Maybe questioning of Utility functions in the first place. Meh. there's just so much.
2 comments:
Random?..... oh brother here we go....
That conclusion is exactly what I'd think an impartial observor would say and conclude about Economics. Perhaps discounting equilibrium economics, and being a little more harsh on the "rationality axiom", and particularly Rational Expectations. Also I would include disagreement with the metaphysical assumption involved with the PIH and Euler Equations.
Maybe questioning of Utility functions in the first place. Meh. there's just so much.
But I think he hit on core problems.
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