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

  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. Well said… 🙂

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


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