Post B4mMBwGWC7fk4lp3js by ChrisMayLA6@zirk.us
 (DIR) More posts by ChrisMayLA6@zirk.us
 (DIR) Post #B4mMBwGWC7fk4lp3js by ChrisMayLA6@zirk.us
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       As I used to tell my students: the key problem with economics is that to make analysis & predictions, many economists posit an idealised 'econoworld' & then later introduce elements to modify that analysis so that it starts to reflect real world conditions...But, this leads to a bias towards the idea that the best economic policies are those which are most likely to establish conditions nearer 'econoworld'.The disembedding of economics from society is its fatal flaw!#economics #politics
       
 (DIR) Post #B4mMBwSZTJJUg9SgWe by lain@lain.com
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       @ChrisMayLA6 #notalleconomics
       
 (DIR) Post #B4mMmQTrKgNuDBSeZs by h4890@alive.bar
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       @ChrisMayLA6 Fair point. Do we try to move the people closer to the straighto economicus, or do we move the economicus closer to mirror the people?
       
 (DIR) Post #B4mMmQc0qMuGcTHAHo by lain@lain.com
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       @h4890 @ChrisMayLA6 not all branches of economics depend on things like the homo economicus, perfect competition or econometrics.
       
 (DIR) Post #B4mWrbdeH4K5o59HiC by ChrisMayLA6@zirk.us
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       @lain yes, of course; there are many (and have been many) excellent & insightful heterodox economics who have understood both history & society as elements that must be part of an economic analysis