Economics is a study that relies heavily on models, but they sometimes forget that the models are the map rather than the territory. I find a lot of supply side/Austrian/Chicago/whatever economics do this, divorcing the human element from their economic pronouncements.
Economics is a study that relies heavily on models, but they sometimes forget that the models are the map rather than the territory. I find a lot of supply side/Austrian/Chicago/whatever economics do this, divorcing the human element from their economic pronouncements.