SLP416 Per Bylund - How To Think About Economics
Stephan Livera Podcast
00:00
What's Ceteris Parabus Rational?
People have the right impression of homo economics, that it is this hyper rational type of actor that only cares about money. But even if you compare the real world with this sort of maximum, it doesn't mean anything. And then from this framework, we can easily use it as a lens to make sense of what's going on around us.
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