Neoclassical economics – the true picture

15 Jun, 2013 at 12:12 | Posted in Varia | 4 Comments

Noah Smith’s picture of neoclassical economics looks like this:
 
noahbuilding
 
In reality, I would argue, it looks more like this:
 
neoclassical building

4 Comments

  1. Well said… 🙂

    • Young, bright – and with humour. Truly an unbeatable combination 🙂

  2. It looks like ramshackle that yields mediocre results at very high costs.I do not think it can be repaired, tear down and build new is my opinion.

  3. In other words, mainstream economics is the equivalent to the “renovator’s dream” that real estate auctioneers talk about… 🙂


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