Published on RWER Blog, by Lars Syll, Dec 6, 2015.
Mainstream economists want to explain social phenomena, structures and patterns, based on the assumption that the agents are acting in an optimizing (rational) way to satisfy given, stable and well-defined goals. The procedure is analytical. The whole is broken down into its constituent parts so as to be able to explain (reduce) the aggregate (macro) as the result of interaction of its parts (micro). Continuer la lecture de « The model of all economic models (wonkish) »