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Re: People who think that "rational economic man" is sociopathic might find this a bit humorous



I wrote: > I should mention two main problems with the GE benchmark.
It lacks two concepts that may seem old-fashioned and unsophisticated
but are still used by economists, i.e., production and (historical)
time. The concept of money has also never been successfully introduced
into the GE framework except by using Patinkin-type unrealistic
assumptions.<

there's another concept lacking in GE theory that should be
mentioned: uncertainty.

--
Jim Devine
"The price one pays for pursuing any profession or calling is an
intimate knowledge of its ugly side." -- James Baldwin



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