The Irrational Economist

The Irrational Economist ? Article by Peter Monaghan in the Chronicle of Higher Education [via Jorn]. Making economics look like a mathematical science is a con trick. All part of the “rational conspiracy”. [Quote] The orthodoxy also distorts economic reality, say its critics. “Superficially, it seems like a coherent model of the world,” says Mr. Keen, the author of Debunking Economics: The Naked Emperor of the Social Sciences. But don’t be fooled, he says, by the mainstream’s fancy mathematics and claims that it is a predictive science, not just a descriptive social science. [Unquote], and more from Deirdre McCloskey blogged earlier. Several good source references in this article.

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