Robert Vienneau — How Has Economic Science Failed?

Assumptions, metrics, empirics, historical ignorance, assuming the determination — allow me count the ways.

Anyways, I desire to focus on the failure of economical theory. I intend whatever well-trained economist inwards around champaign knows how to tweak assumptions to larn whatever results that they want. Start amongst a model of perfect competition. Add an data asymmetry, a transaction cost, a search cost, pasty prices in addition to a Calvo fairy, around monopoly or monopsony, whatever. Then you lot tin hand notice debate that around policy volition atomic number 82 dorsum to efficient markets. Or, if then inclined, that regime failure prevents whatever around implementation....

Thoughts On Economics
How Has Economics Failed?
Robert Vienneau