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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 Core Model of Behavior in Economic Theory

Economics has held on to some pretty core thoughts that emerged in this so-called neoclassical era of economic theory. It's also over the course of the last 100 plus years a theory that has largely been walled off from other disciplines and academia. When its assumptions which I'll get into are challenged or when theory of the rational actor, the self-interested individual doesn't hold up against other theories,. economists have this very convenient line: "It's just a model"

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