My Economic Foundations with Book Links
I am a believer in "behavioral economics," and am convinced human nature is neither rational nor predictable at the individual level. The " Austrian School " of economics, which is closer to my views on economics than any other general school, suggests that mathematical models in economics generally overstate the predictability of humans. I am seldom stunned or shocked when economic predictions are "unexpectedly" off the mark. Too many economists are convinced they conduct "science" when they are closer to the randomness of human psychology. I dislike generalities, but mentioning the Austrian School helps place my views in some context. Note : I have argued and will continue to argue too many "sciences" should have some other label. It would be best to simply call these disciplines "studies" than sciences. Economics is one such field. I love it, but is it science? Not like physics is a science. One reason the Austrian School i...