The trouble with economics, though, is the assumption of the Rational Man at the center of it.

The trouble with economics, though, is the assumption of the Rational Man at the center of it.

When economics is utilized as a useful tool (talk about equivalent: UTILIZED… USEFUL …. TOOL …. that sentence fragment beats the point to death)….

…it can be helpful in decision-making. But answers requires not only a multitude of disciplines coming together, it ultimately requires going BEYOND any individual or combination of disciplines to get a “big picture”; which is, ultimately, a story that ties them together.

Even THEN there’s the application… and it’s in the application that the rubber meets the road. Still, getting things perfected in models is very useful.

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