The School’s…
View of the scope of Economics: science of human action, science of objective wealth, science of scarcity and allocation, etc.
Method of formalism: verbal logic, mathematical logic, acceptance of ambiguity and lack of formalism
Basic assumptions about rationality: perfect rationality, bounded rationality, reasonable rather than rational, irrational (driven by animal spirits)
Use of time: comparative statics (extremely limited use of time), equilibrium (out of time), real time (Bergsonian time)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment