Assumptions in Economics and in the Real World \ stacker news ~ideasfromtheedge

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Assumptions in Economics and in the Real World mises.org/mises-wire/assumptions-economics-and-real-world

197 sats \ 2 comments \ @Roll 11 Nov ideasfromtheedge

Yeah, economists often rely on simplified models to make sense of complex issues, but it can feel like they’re detached from reality.

7 sats \ 0 replies \ @Undisciplined 11 Nov

This is done in every technical discipline, but economists aren't as good about remembering what boundaries they placed on their analyses with those assumptions.