Economics
M. Thornton
tlooto Summary
The book critiques mainstream economics, particularly behavioral economics, for its lack of realism and selective construction of events.
Abstract
T book tells its readers a great deal about the inner workings of mainstream economics, particularly behavioral economics. This review details just how far the profession has drifted from reality. My general impression is that the authors are simply putting forth their opinions or perceptions of how the world should be, and then constructing a theory to justify those opinions. The theory is then supported by a selective construction of events.
Citation format
THORNTON, M. Phishing for phools: The economics of manipulation and deception. Quarterly Journal of Austrian Economics, 2016, 19: 85.