Neoclassical economics is a hell of a drug. It has no theory of prices, no account of inflation, and its models all presume the existence of a perfectly rational "homo economicus" who is a "utility maximizer" with perfect information.
Even the Queen is wise to the scam, grilling Bank of England economists over their profession's failure to spot the Great Financial Crisis:
https://www.theguardian.com/uk/2012/dec/13/queen-financial-crisis-question
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@pluralistic
GIVE ME A MODEL WITH BETTER PREDICTIONS OR GIVE ME DEATH
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@pluralistic (im aware that NC econ is not great about this either, but seems best developed with stuff like the g³ model, twt was in jest)
