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*** The official market and government thread ***

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  1. #1
    a500lbgorilla's Avatar
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    Scientists argued against evolution.
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  2. #2
    Quote Originally Posted by a500lbgorilla View Post
    Scientists argued against evolution.
    This means people with no credibility in economics can argue against economists how?
  3. #3
    a500lbgorilla's Avatar
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    Quote Originally Posted by wufwugy View Post
    This means people with no credibility in economics can argue against economists how?
    It means that experts can be wrong. It takes Nature to step in and settle the debate.

    "A scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die and a new generation grows up that is familiar with it." Max Planck

    An economic truth, however, comes down to everyone nodding their heads.
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  4. #4
    Quote Originally Posted by a500lbgorilla View Post
    It means that experts can be wrong.
    Which you are not. The paper you even cited doesn't contest rational choice theory, but its limit in explanation of the world. I have always agreed with that and so do economists. It just happens that every time we talk about economics, somebody who is not an economist says "but people aren't rational", fulfilling the prophecy that laymen misunderstand the concept.

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