Occasional Tweets: Because all models are axiomatically false, economics is scientifically worthless

 

#Economics#FailedFakeScience#MicroFoundations

In his methodological incompetence, Roy Weintraub never realized that General Equilibrium Theory is axiomatically false and therefore scientifically worthless.

Don’t blame the model, blame the modelerhttps://t.co/txpyQx261N pic.twitter.com/UjW21EHkXA

— E.K-H (@AXECorg) December 13, 2022

For details of the big picture see cross-references Axiomatization.