The End of Rational Economics?

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Uploaded by on Jun 1, 2011

The Nobel Prize winner says economics should move beyond the limits of 'rational self-interest.'

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  • @brendos444 And you are another internet troll who does not know what he is talking about. Austrian econ does not set out normative principles. All three people you mention, adhered to Max Weber's principle of value neutrality in the social sciences. And we can't be all that ''deluded'' if nobel winning Krugman is finally getting round to a truth Austrians have known since inventing modern economic theory with Leon Walras 140 years ago.

  • @Malthus0 lol another deluded Austrian ideologue... let me give you the tip, no one outside fundamentalist Christian circles in the South actually want a society that is run on the principles advocated by Hayek, Menger, Mises and co.

  • ''involve the limits of rationality'' Krugman is over half a century behind Friedrich Hayek. Over 100 years behind Carl Menger who never went down the path of homo economicus in the first place.

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