Half of it is built out of unicorn dust and human imagination.
Economics is applied psychology at scale hiding behind the idea of math and using “businesses” and “markets” to depersonalize their findings and play pretend at describing natural laws. All it’s really describing is the behavior of people, and a wildly nonrepresentative subset of people at that.
Economics is applied psychology at scale hiding behind the idea of math and using “businesses” and “markets” to depersonalize their findings and play pretend at describing natural laws. All it’s really describing is the behavior of people, and a wildly nonrepresentative subset of people at that.