Is mainstream economics against common sense? Problems of scale and transitivity too


Mainstream economics, with its rational actor models, appears to be against common sense. For example, it does not take into account how tribal people are. They have a group identity and they are largely concerned with perpetuating that identity. I propose that mainstream economics is not more opposed to common sense than alternative frameworks. The appendix introduces a counterexample to transitivity of preferences, which I assume is where the chief value of the paper is.

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