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Lars P. Syll — Mainstream economics — a waste of time on a staggering scale

Summary:
Why models fail.As a philosophy professor, I taught logic and critical thinking as part of the introductory course. This involved a cursory study of methodology. Part of the course is about methods of correct reasoning and part about incorrect. The part about incorrect reasoning is about identifying arguments that sound great but are just wrong and showing why they are wrong. This part seems to have been overlook in teaching introductory economics and apparently some (many?) economists never get the message.Lars P. Syll’s BlogMainstream economics — a waste of time on a staggering scaleLars P. Syll | Professor, Malmo University

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Why models fail.

As a philosophy professor, I taught logic and critical thinking as part of the introductory course. This involved a cursory study of methodology. 

Part of the course is about methods of correct reasoning and part about incorrect. The part about incorrect reasoning is about identifying arguments that sound great but are just wrong and showing why they are wrong. 

This part seems to have been overlook in teaching introductory economics and apparently some (many?) economists never get the message.

Lars P. Syll’s Blog
Mainstream economics — a waste of time on a staggering scale
Lars P. Syll | Professor, Malmo University

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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