Thursday, October 26, 2006

Economics and Rationality

"I think the assumption that people are rational is the biggest weakness of economics. Without it economics wouldn't really function, with it human society wouldn't."

http://cafesalemba.blogspot.com/2006/10/econ101-preference.html#comments

(Want to keep this comment somewhere where I can keep an eye on it... -- rationality is also it's biggest strength though...)

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