#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) October 30, 2025
“Thinking this isn’t science is like thinking this textbook diagram isn’t either.” (Federico Castello Rojo)
Yes, science is abstraction. But not every abstraction is science. Economists never understood the Fallacy of Insufficient Abstraction. For… pic.twitter.com/IpzrCUnah8
Related 'Key Issues: Formalization, empty formalism, common sense, nonsense'