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The illusion of economic rationality

May 1st, 2015 · No Comments

http://darwiniana.com/2015/05/01/i-open-smolin-book-to-passage-on-neo-classical-economics/

One of the biggest stumbling blocks to real economic rationality is the irrational implant of mathematical economic. And any perception of a problem is resolved by throwing more complicated mathamatics at it.
The irrationality of the overall subject can never receive any kind of clarification or analysis of its fundamentals. And these theories are taken in the name of science (physicists are simply unable to see a problem).
There is a new stance to take: you may elect to refuse to submit to a system based on mathematics that is technocratic illusion. Mathematics is not the standard of truth in economics. The values of a just economy take precedence.

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