Why do economists persist in modelling the economy with static tools when dynamic ones exist; why do they treat as stationery an entity which is forever changing? (Steve Keen)

Why do economists persist in modelling the economy with static tools when dynamic ones exist; why do they treat as stationery an entity which is forever changing?

Steve Keen

Related topics

changing dynamic economy entity forever modelling ones static stationery treat

Related quotes

Once you get a spice in your home, you have it forever. Women never throw out spices. The Egyptians were buried with their spices. I know which one I'm taking with me when I go. View quote
Erma Bombeck
A strong argument for the religion of Christ is this - that offences against Charity are about the only ones which men on their death-beds can be made - not to understand - but to feel - as crime. View quote
Edgar Allan Poe
There does not exist a category of science to which one can give the name applied science. There are science and the applications of science, bound together as the fruit of the tree which bears it. View quote
Louis Pasteur
The man who looks for security, even in the mind, is like a man who would chop off his limbs in order to have artificial ones which will give him no pain or trouble. View quote
Henry Miller
The true knowledge or science which exists nowhere but in the mind itself, has no other entity at all besides intelligibility; and therefore whatsoever is clearly intelligible, is absolutely true. View quote
Ralph Cudworth