Re: The Problem with Economics (was: Re: LVT: a discussion with a center/left economist)


<ruetheday@xxxxxxxxxx> wrote in message
news:1132673978.857193.21330@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> >The main problem is in macroeconomics. The appeal for the student is
>>in the mathematical models which themselves are perfectly rigorous.
>>But the models abstract from the real world which is messy and
>>complex. They are necessarily full of simplifying assumptions and
>>ceteris paribus arguments which ignore significant effects.
>
> The same can be said about microeconomics.

Really? What examples do you have in mind?


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