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Unlearning Economics: Jon Erickson, Josh Farley, Steve Keen, & Kate Raworth | Reality Roundtable #03

The Great Simplification with Nate Hagens

CHAPTER

The Challenges of Economists and Economic Theory

There's some real challenges to the core assumptions of economic theory at micro and macro levels. So much of our growth models are built on a representative agent, right? The entire climate system from the perspective of one individual who's trying to maximize utility. This philosophical view of economics builds the whole edifice. And this is where I have a challenge as an economist with, I'm okay with economists in the role of tinkerers... but not master planners.

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