An Evolutionary Economic Paradigm, with David Sloan Wilson
Musing Mind Podcast
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Neoclassical Economics
In the critique section of your paper, you kind of attack the grounds that its models are useful. And I wanted to ask you to expand on this. The point of a model isn't exactly, it's not to be right, it's to be useful. There's that famous quote that goes, all models are wrong, but some are useful. So neoclassical is debunked. But if you were to speak with a neoclassical economist who by and large are kind, sweet, brilliant humans, they would agree that their assumptions are very unrealistic. This implies that the first fundamental theorem of welfare economics identifies the conditions under which a population of psychopaths can satisfy each other's consumption demands
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