LOL, now that I think about it, the Neoclassical model of consumer behavior sounds like those "pop" historians or history books-- which conveniently describe whole dynasties or civilizations as if they behave as a single ("rational") individual....
You know, just cos it would explain things more "clearly"-- as clearly as a case of art or fiction trumping truth and reality!
There is another proof. There is no evidence that a "market" with one consumer and commodity (Micro Market) exists. It is a fiction with no concern for nature. So how can one speculate on a Micro Market which is a fiction and extrapolate those speculations to an Aggregate Market without creating an even bigger fiction?
@danno321s Neoclassical economics is an attempt to reduce super-complex mass behaviors down to "universal laws". It's like trying to come up with the funniest joke possible - you can't, because preferences change and behavior is the result of an impossible number of variables.
This is great! What kind of response do you get from currently teaching economics professors who have to dish this stuff out?
GalenAus 4 months ago
LOL, now that I think about it, the Neoclassical model of consumer behavior sounds like those "pop" historians or history books-- which conveniently describe whole dynasties or civilizations as if they behave as a single ("rational") individual....
You know, just cos it would explain things more "clearly"-- as clearly as a case of art or fiction trumping truth and reality!
ApocalypticAang 6 months ago
There is another proof. There is no evidence that a "market" with one consumer and commodity (Micro Market) exists. It is a fiction with no concern for nature. So how can one speculate on a Micro Market which is a fiction and extrapolate those speculations to an Aggregate Market without creating an even bigger fiction?
danno321s 6 months ago
@danno321s Neoclassical economics is an attempt to reduce super-complex mass behaviors down to "universal laws". It's like trying to come up with the funniest joke possible - you can't, because preferences change and behavior is the result of an impossible number of variables.
juujuuuujj 6 months ago
Greatness with this f'n plain ath common sense economics. Thanks for the upload!!!
slhines7 6 months ago