132 sats \ 1 reply \ @scottathan 19 Oct 2023 \ on: Meta Econ Takeover Day 2 meta
This does seem to be a weird sort of double think that economics is stuck in
It kind of gives both sides what they want:
The mainstream guys can say the simplifying assumptions are pretty reasonable (and they aren't crazy), so really all the Austrian insights have been incorporated already,
Meanwhile, the Austrians can say the simplifying assumptions don't allow for all realistic conditions (they don't), so mainstream analysis can't be trusted.
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