First, by not taking bounded rationality to heart? Second, by not taking the misallocations and inefficiencies that are inevitable with entrepreneurial judgment as core? Is that what you were getting at?
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Indeed. I'm preparing a presentation on "combinatorics and economics" right now, and that whole idea of "let's reframe the question so that expenditure of cognitive resources is something we don't have to be concerned about" is a running theme thru the literature...
- Još 3 druga odgovora
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Yes, the "science of scarcity" elected to ignore what is arguably the most important scarcity of all.
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