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"Left wing kookiness"
Robert Sturgeon wrote:
On Mon, 22 Dec 2003 06:49:40 GMT, Jonathan Ball wrote: (massive snippage) Economics is the study of choice under constraint. And that isn't psychology? No. Not in the least. You don't think psychology deals with "the study of choice under constraint"? No, I *know* it doesn't. Then you are lost to reason. (rest of useless arguments, snipped) You mean, you dumb ass, that you have snipped out stuff you don't - CAN'T - understand. Economists don't care IN THE LEAST what consumers or the managers of firms *think*; they care about how they BEHAVE, where the behavior is observable without having to communicate with the actors. Economists don't care in the least *how* the actors arrive at their decisions; there is an assumption of rationality. The actual study of rationality is left to the philosophers, psychologists and other poets. It's pretty interesting that you merely keep repeating your assertion with neither support, nor expertise in either of the fields you are blabbering about. I have a graduate degree in economics: I know what I'm talking about. Repeat after me, dumb ass: economics does not study *how* consumers and firms think in making choice under constraint; it makes an axiomatic assumption of rationality, then looks at how the constraints determine the choices available. It posits a theory about what an *assumed* rational actor will do, looks at the choices made, and checks to see if they conform to the theory (they largely do). Psychologists may study the actors' states of mind; economists don't care. |
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