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Monday, April 24, 2006



have a look at Rasmussen comment on the Akerlof lecture.


I actually agree with you that being rational is almost without exception better than being irrational. However, I disagree that economic theory should be telling people how to behave. In my opinion, the purpose of theory (in any field) is to help us understand reality. In cases where theory conflicts with reality, theory should be modified in order to reflect reality better. If I understand you correctly, you seem to want theory to tell people how to behave. Personally, I don’t like that any better than I like the government telling me how to behave.

Ken Griffey Shoes

Such a good writing, or by I saw for the first time. I'm quite happy, you are a good writer

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