Yet another weird SF fan


I'm a mathematician, a libertarian, and a science-fiction fan. Common sense? What's that?

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Yet another weird SF fan
 

Saturday, July 30, 2011

Refuting Imaginary Theories

According to Tim Worstall, The Guardian is criticizing imaginary theories of economics, e.g., the theory that human beings act like “economic man,” a theory that is thought to be part of economics but only in the imaginations of non-economists. As I've said before:

It's as though they were rejecting modern physics on the grounds that not everything is relative or Darwin's explanation of evolution on the grounds that the fittest don't always survive.
Question: Is the theory that economics dictates that people act like “economic man” responsible for Steven Chu's belief that it's legitimate to force people to not waste their own money?

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