Occasional Tweets: The futile attempt to recycle General Equilibrium

 

#FailedScience#GeneralEquilibrium

The history of economic thought is the history of scientific failure: “The only way possible is a thorough reexamination of the theory’s basic hypotheses, i.e., a true paradigmatic revolution.” (Ingrao et al., 1990) ⇒https://t.co/TFmOmC1auZ

— E.K-H (@AXECorg) April 11, 2022

For more about equilibrium see AXECquery.

For more about paradigm see AXECquery.