Issues in Modern Microeconomics

This is the longer form of a term paper turned in as part of Wagner’s Theory of the Market Process II, Spring 2017. The more concise version, which was actually turned in, is available for download here. Introduction This paper argues that modern microeconomics would benefit from the incorporation of ethnography into the skillset of … Read more Issues in Modern Microeconomics

Two Dispositions in Economic Analysis

This article makes what I consider to be the obvious argument for what economists should do. As all people should, economists should do what is good. Peculiar to economists is the tool set of economic analysis. I propose that a good economist makes use of the analytical tools of economics to achieve good things. I … Read more Two Dispositions in Economic Analysis

A Few More Thoughts on Rationality

In continuation of a previous article, this article lists a few more thoughts on rational actor theory. I think there are mainly 3 comparative economic understandings of rationality and irrationality: For Austrians and similar theorists, rationality is tautologically true. The fact that people do not have perfect information is not taken as a component of … Read more A Few More Thoughts on Rationality

Non-Becker Rationality and Kahneman Irrationality

This article provides two Ideological Turing exercises: One argument in defense of hard-line Chicago rationality and one in defense of the existence of economic irrationality. I don’t think Gary Becker or any of the big Chicago names (eg Friedman) ever firmly stated that individuals are rational (quick proof and another one), but let’s suppose that … Read more Non-Becker Rationality and Kahneman Irrationality