by Summary:
In this second half of the first lecture, I explain Sippel’s result that most people aren’t “rational” as Neoclassical economists define it–because the Neoclassical definition of rational behavior is computationally impossible. The next lecture–which I’ll post next week–explains that even if the Neoclassical model of individual behavior was sound (which I’ve just shown it isn’t), ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
In this second half of the first lecture, I explain Sippel’s result that most people aren’t “rational” as Neoclassical economists define it–because the Neoclassical definition of rational behavior is computationally impossible. The next lecture–which I’ll post next week–explains that even if the Neoclassical model of individual behavior was sound (which I’ve just shown it isn’t), ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
|