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21 sats \ 0 replies \ @SimpleStacker 18 Jul 2023 \ parent \ on: Principles of Economics Review (Part 1) bitcoin
Arrow's Impossibility Theorem is one of the most beautiful results from theoretical economics. There are a lot of other super useful ideas resulting mathematical analysis, including a bunch from auction theory.
But, yeah, overall the point still stands. Modern economics has overemphasized mathematical models to an unhealthy degree. Bringing back historical and dialectical methods would bring a necessary counterbalance, and would likely make the discipline more useful to society overall.