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

[Michael Nuwer <nuwermj@xxxxxxxxx>]

--- Jim Devine <jdevine03@xxxxxxxxx> wrote:

> rather than starting with General Equilibrium (and
> similar), someone
> should look at Heyne's "Economic Way of Thinking"
> and present an
> alternative, one where "Way" is made plural.
>

Jim, what is it that like about Heyne's book? It seems
to me that Heyne (and his coauthors) ascribe to the
tautology discussed earlier in this thread. For
example, Heyne writes:

"It is often said that rush-hour urban traffic is
inefficient because it is made up predominantly of
single passenger vehicles. That is an insupportable
claim. Those who drive alone rather than forming a car
pool or taking the bus are implicitly showing that
they place a higher value on the benefits relative to
the costs of driving alone than of any available
alternative."

The Austrian's bait and switch is a bit different from
the neo-classical version, but it is still a bait and
switch. ;-)

Michael Nuwer

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