Why Rationality is Wrong \\ Real Economics
Channel: Skeleman
Date: 2021-10-02

A new series where we'll be discussing Real economics. Much of mainstream economics is nonsense from the school of "Neoclassical Economics" and is wrong, not backed by empirical evidence, or otherwise bullshit. 
This series will serve as a "debunking" or sorts for these topics along with presenting actual models and theories of how economies work that are backed up by actual empirical evidence!This first episode deals with the basis for basically ALL of neoclassical economics, and ESPECIALLY microeconomics: Rationality. It's not just you, the dumb bullshit in your micro class *was* dumb bullshit.

Chapters:


Sources:

1. Grocery Stores have ~31,119 products:
https://www.fmi.org/our-research/supermarket-facts
this number is perhaps on the low end. Many are reporting that they have 65,000 SKUshttps://www.reinvestment.com/wp-content/uploads/2015/12/Understanding_the_Grocery_Industry-Brief_2011.pdf
an SKU is a unique id number for a product used across stores.


2. Sippel's paper testing rationality:
Sippel, R. (1997). An Experiment on the Pure Theory of Consumer’s Behaviour. The Economic Journal, 107(444), 1431–1444. http://www.jstor.org/stable/2957744

3. Paul Samuelson
his bullshit from 1938:
Samuelson, P. A. (1938). A Note on the Pure Theory of Consumer’s Behaviour. Economica, 5(17), 61–71. https://doi.org/10.2307/2548836

his bullshit from 1948:
Samuelson, P. A. (1948). Consumption Theory in Terms of Revealed Preference. Economica, 15(60), 243–253. https://doi.org/10.2307/2549561

4. Steve Keen's "Debunking Economics" book
ISBN-10 : 1848139926

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A Bunny
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